Institutional Financial Markets (NYSEAMERICAN:COHN) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.86 and traded as low as $11.88. Institutional Financial Markets shares last traded at $12.30, with a volume of 27,573 shares changing hands.

Institutional Financial Markets Stock Up 3.4%

The firm has a market capitalization of $30.87 million, a price-to-earnings ratio of 2.33 and a beta of 1.16. The firm has a fifty day moving average price of $14.98 and a 200 day moving average price of $16.86. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

Institutional Financial Markets (NYSEAMERICAN:COHN) last released its quarterly 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 firm had revenue of $56.04 million during the quarter.

Institutional Financial Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a $0.25 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.1%. Institutional Financial Markets’s dividend payout ratio (DPR) is 24.45%.

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.