Institutional Financial Markets (NYSEAMERICAN:COHN) Major Shareholder Acquires $2,650,000.00 in Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) major shareholder Circle 3 Sponsor Corp Columbus acquired 265,000 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were bought at an average price of $10.00 per share, with a total value of $2,650,000.00. Following the completion of the purchase, the insider directly owned 265,000 shares in the company, valued at $2,650,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Institutional Financial Markets Price Performance

COHN opened at $14.24 on Thursday. The firm has a market capitalization of $35.74 million, a PE ratio of 2.69 and a beta of 1.14. The business’s 50-day moving average is $12.29 and its two-hundred day moving average is $16.33. Institutional Financial Markets, Inc. has a 1 year low of $9.19 and a 1 year high of $32.60. 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 (NYSEAMERICAN:COHN) last announced 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 net margin of 5.12% and a return on equity of 44.53%. The company had revenue of $56.04 million during the quarter. Research analysts anticipate that Institutional Financial Markets, Inc. will post 1.9 earnings per share for the current fiscal year.

Institutional Financial Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Monday, May 18th. Institutional Financial Markets’s dividend payout ratio (DPR) is currently 24.45%.

Analyst Upgrades and Downgrades

COHN has been the topic of several research analyst reports. Zacks Research raised shares of Institutional Financial Markets to a “hold” rating in a research report on Friday, July 10th. Northland Securities began coverage on shares of Institutional Financial Markets in a report on Thursday, July 9th. They set an “outperform” rating and a $20.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Institutional Financial Markets currently has an average rating of “Moderate Buy” and a consensus price target 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.