Institutional Financial Markets (NYSEAMERICAN:COHN) EVP Sells $85,716.25 in Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler sold 7,295 shares of Institutional Financial Markets stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $11.75, for a total value of $85,716.25. Following the completion of the sale, the executive vice president directly owned 61,778 shares in the company, valued at approximately $725,891.50. The trade was a 10.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Financial Markets Price Performance

NYSEAMERICAN COHN opened at $11.26 on Monday. The stock has a 50 day moving average price of $12.68 and a 200-day moving average price of $15.27. Institutional Financial Markets, Inc. has a one year low of $9.19 and a one year high of $32.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $36.37 million, a P/E ratio of 2.08 and a beta of 1.14.

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

Institutional Financial Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.25 per share. 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 is presently 24.45%.

Wall Street Analysts Forecast Growth

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