Insider Selling: Institutional Financial Markets (NYSEAMERICAN:COHN) EVP Sells $17,250.00 in Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler sold 1,500 shares of Institutional Financial Markets stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $11.50, for a total value of $17,250.00. Following the completion of the transaction, the executive vice president directly owned 60,278 shares in the company, valued at approximately $693,197. This represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Financial Markets Price Performance

Shares of COHN stock opened at $11.26 on Monday. Institutional Financial Markets, Inc. has a 12 month low of $9.19 and a 12 month high of $32.60. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.26. The firm has a market cap of $36.37 million, a PE ratio of 2.08 and a beta of 1.14. The stock has a 50 day moving average of $12.68 and a 200-day moving average of $15.27.

Institutional Financial Markets (NYSEAMERICAN:COHN) last announced its earnings results on Monday, August 3rd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $1.20. Institutional Financial Markets had a net margin of 5.65% and a return on equity of 47.14%. The business had revenue of $65.14 million for the quarter, compared to analyst estimates of $40.30 million. On average, equities analysts predict that Institutional Financial Markets, Inc. will post 1.9 EPS for the current year.

Institutional Financial Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.9%. The ex-dividend date is Wednesday, August 19th. Institutional Financial Markets’s dividend payout ratio (DPR) is currently 24.45%.

Analysts Set New Price Targets

Several research firms recently weighed in on COHN. Northland Securities initiated coverage on shares of Institutional Financial Markets in a research note on Thursday, July 9th. They issued an “outperform” rating and a $20.00 target price for the company. Zacks Research raised Institutional Financial Markets to a “hold” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Institutional Financial Markets has a consensus rating of “Moderate Buy” and an average price target of $20.00.

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.