Joseph Jr. Pooler Sells 1,500 Shares of Institutional Financial Markets (NYSEAMERICAN:COHN) Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $11.50, for a total transaction of $17,250.00. Following the completion of the transaction, the executive vice president directly owned 60,278 shares in the company, valued at $693,197. This represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Institutional Financial Markets Stock Performance

COHN stock opened at $11.26 on Friday. Institutional Financial Markets, Inc. has a 12-month low of $9.19 and a 12-month high of $32.60. The business’s 50-day moving average is $12.68 and its 200 day moving average is $15.32. The company has a current ratio of 0.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.26. The stock has a market cap of $36.37 million, a price-to-earnings ratio of 2.08 and a beta of 1.14.

Institutional Financial Markets (NYSEAMERICAN:COHN) last announced its earnings results on Monday, August 3rd. The financial services provider reported $1.62 EPS for the quarter, beating 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 return on equity of 47.14% and a net margin of 5.65%. On average, sell-side analysts anticipate that Institutional Financial Markets, Inc. will post 1.9 EPS for the current fiscal year.

Institutional Financial Markets Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently issued reports on COHN. Northland Securities began coverage on shares of Institutional Financial Markets in a report on Thursday, July 9th. They set an “outperform” rating and a $20.00 target price for the company. Zacks Research raised shares of Institutional Financial Markets to a “hold” rating in a research note 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, the stock currently has an average rating of “Moderate Buy” and an average 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.