Circle 3 Sponsor Corp Columbus Acquires 265,000 Shares of Institutional Financial Markets (NYSEAMERICAN:COHN) Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) major shareholder Circle 3 Sponsor Corp Columbus purchased 265,000 shares of Institutional Financial Markets stock in a transaction that occurred on Friday, July 10th. The stock was acquired at an average price of $10.00 per share, with a total value of $2,650,000.00. Following the transaction, the insider owned 265,000 shares in the company, valued at $2,650,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Institutional Financial Markets Stock Up 2.9%

Shares of NYSEAMERICAN:COHN opened at $13.99 on Wednesday. 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. The stock has a market cap of $35.11 million, a P/E ratio of 2.64 and a beta of 1.14. The firm has a fifty day moving average price of $12.28 and a 200 day moving average price of $16.35.

Institutional Financial Markets (NYSEAMERICAN:COHN) last posted its quarterly earnings data on Monday, May 4th. The financial services provider reported $0.42 EPS 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 for the quarter. Sell-side analysts predict that Institutional Financial Markets, Inc. will post 1.9 EPS for the current year.

Institutional Financial Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.1%. The ex-dividend date was Monday, May 18th. Institutional Financial Markets’s payout ratio is 24.45%.

Analyst Ratings Changes

A number of analysts have weighed in on COHN shares. Northland Securities started coverage on Institutional Financial Markets in a research report on Thursday, July 9th. They set an “outperform” rating and a $20.00 price objective for the company. Zacks Research raised 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently 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.