Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) Sees Large Decrease in Short Interest

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 11,576 shares, a decline of 38.7% from the June 30th total of 18,890 shares. Based on an average daily trading volume, of 17,443 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.6% of the company’s stock are sold short.

Institutional Financial Markets Stock Up 0.4%

COHN traded up $0.05 during trading on Thursday, reaching $13.50. 6,020 shares of the stock traded hands, compared to its average volume of 29,226. The stock’s 50-day simple moving average is $12.54 and its two-hundred day simple moving average is $15.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87. Institutional Financial Markets has a fifty-two week low of $9.19 and a fifty-two week high of $32.60. The stock has a market cap of $33.88 million, a price-to-earnings ratio of 2.55 and a beta of 1.14.

Institutional Financial Markets (NYSEAMERICAN:COHN) last issued its earnings results on Monday, May 4th. The financial services provider reported $0.42 earnings per share for the quarter. Institutional Financial Markets had a return on equity of 44.53% and a net margin of 5.12%.The company had revenue of $56.04 million for the quarter. As a group, equities research analysts expect that Institutional Financial Markets will post 1.9 EPS for the current year.

Institutional Financial Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a $0.25 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a yield of 7.4%. Institutional Financial Markets’s dividend payout ratio is currently 24.45%.

Insiders Place Their Bets

In other Institutional Financial Markets news, major shareholder Circle 3 Sponsor Corp Columbus purchased 265,000 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The shares were purchased at an average cost of $10.00 per share, with a total value of $2,650,000.00. Following the completion of the transaction, the insider owned 265,000 shares of the company’s stock, valued at approximately $2,650,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 71.51% of the company’s stock.

Analyst Ratings Changes

COHN has been the topic of a number of research reports. Northland Securities initiated coverage on Institutional Financial Markets in a report on Thursday, July 9th. They issued an “outperform” rating and a $20.00 target price on the stock. Zacks Research upgraded shares of Institutional Financial Markets to a “hold” rating in a report on Friday, July 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $20.00.

Institutional Financial Markets Company Profile

Cohen & Co, Inc engages in fixed income markets. It operates through the following segments: Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of fixed income sales, trading, matched book repo financing, and new issue placements in corporate and securitized products and advisory services, operating primarily through its subsidiaries. The Asset Management segment manages assets through investment vehicles, such as collateralized debt obligations, managed accounts, and investment funds.