Institutional Financial Markets (NYSEAMERICAN:COHN) Issues Quarterly Earnings Results, Beats Expectations By $1.20 EPS

Institutional Financial Markets (NYSEAMERICAN:COHN) released its earnings results on Monday. The financial services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $0.42 by $1.20, FiscalAI reports. Institutional Financial Markets had a return on equity of 44.53% and a net margin of 5.12%.

Institutional Financial Markets Stock Performance

NYSEAMERICAN COHN opened at $13.25 on Monday. Institutional Financial Markets has a 1 year low of $9.19 and a 1 year high of $32.60. The firm has a market cap of $33.26 million, a price-to-earnings ratio of 2.50 and a beta of 1.14. The company has a fifty day moving average price of $12.58 and a 200-day moving average price of $15.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on COHN shares. Zacks Research upgraded shares of Institutional Financial Markets to a “hold” rating in a research note on Friday, July 10th. Northland Securities started coverage on shares of Institutional Financial Markets in a research note on Thursday, July 9th. They issued an “outperform” rating and a $20.00 price target for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.00.

Insider Activity

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 acquired at an average cost of $10.00 per share, for a total transaction of $2,650,000.00. Following the completion of the acquisition, the insider owned 265,000 shares of the company’s stock, valued at $2,650,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 71.51% of the stock is currently owned by corporate insiders.

About Institutional Financial Markets

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.