TheStreet cut shares of Institutional Financial Markets Inc (NYSEMKT:IFMI) from a c rating to a d+ rating in a research note released on Wednesday morning.

Separately, ValuEngine downgraded Institutional Financial Markets from a buy rating to a hold rating in a report on Friday, July 28th.

Institutional Financial Markets (IFMI) traded up 1.071% during mid-day trading on Wednesday, hitting $1.132. 21,297 shares of the stock traded hands. The firm has a market cap of $13.42 million, a PE ratio of 6.119 and a beta of 0.26. The stock has a 50 day moving average price of $1.16 and a 200 day moving average price of $1.20. Institutional Financial Markets has a 12-month low of $0.98 and a 12-month high of $1.63.

Institutional Financial Markets (NYSEMKT:IFMI) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.03 earnings per share for the quarter. The company had revenue of $11.37 million during the quarter. Institutional Financial Markets had a net margin of 5.38% and a return on equity of 4.29%.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date of this dividend is Tuesday, August 15th. Institutional Financial Markets’s dividend payout ratio is currently -57.14%.

Institutional Financial Markets Company Profile

Institutional Financial Markets, Inc (IFMI) is a financial services company. The Company specializes in credit-related fixed income investments. The Company provides a range of capital markets, investment banking and asset management solutions to institutional investors, corporations and other small broker-dealers.

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