Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) Short Interest Update

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 12,477 shares, an increase of 106.2% from the April 15th total of 6,052 shares. Based on an average daily volume of 38,545 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.1% of the shares of the company are short sold.

Insider Activity

In other news, EVP Joseph W. Jr. Pooler sold 6,113 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $17.15, for a total transaction of $104,837.95. Following the completion of the sale, the executive vice president directly owned 69,778 shares of the company’s stock, valued at $1,196,692.70. This trade represents a 8.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 76.15% of the stock is currently owned by corporate insiders.

Institutional Financial Markets Stock Performance

Shares of Institutional Financial Markets stock traded down $1.06 during trading hours on Friday, hitting $11.89. 50,347 shares of the company’s stock traded hands, compared to its average volume of 42,068. Institutional Financial Markets has a 12-month low of $7.78 and a 12-month high of $32.60. The stock has a market capitalization of $29.49 million, a price-to-earnings ratio of 2.25 and a beta of 1.36. The company has a fifty day simple moving average of $17.53 and a 200-day simple moving average of $17.08. 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 Friday, March 6th. The financial services provider reported $2.97 earnings per share (EPS) 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 $96.20 million during the quarter.

Institutional Financial Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.00 annualized dividend and a dividend yield of 8.4%. Institutional Financial Markets’s dividend payout ratio (DPR) is currently 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.