Cohen & Company Inc. (NYSEAMERICAN:COHN) Sees Significant Increase in Short Interest

Cohen & Company Inc. (NYSEAMERICAN:COHN) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 13,100 shares, a growth of 129.8% from the February 29th total of 5,700 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average trading volume of 6,900 shares, the days-to-cover ratio is currently 1.9 days.

Cohen & Company Inc. Stock Performance

Shares of COHN stock traded up $0.14 on Thursday, hitting $7.14. The stock had a trading volume of 10,137 shares, compared to its average volume of 7,139. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $13.78 million, a P/E ratio of -2.05 and a beta of 1.09. Cohen & Company Inc. has a one year low of $3.29 and a one year high of $11.99.

Cohen & Company Inc. (NYSEAMERICAN:COHN) last announced its earnings results on Wednesday, March 6th. The financial services provider reported $2.28 EPS for the quarter. The business had revenue of $34.46 million during the quarter. Cohen & Company Inc. had a negative net margin of 6.16% and a negative return on equity of 0.04%.

Cohen & Company Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 14.01%. Cohen & Company Inc.’s dividend payout ratio (DPR) is currently -29.24%.

Institutional Investors Weigh In On Cohen & Company Inc.

A hedge fund recently raised its stake in Cohen & Company Inc. stock. Royal Bank of Canada lifted its holdings in shares of Cohen & Company Inc. (NYSEAMERICAN:COHN) by 39.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,542 shares of the financial services provider’s stock after buying an additional 3,242 shares during the quarter. Royal Bank of Canada owned approximately 0.67% of Cohen & Company Inc. worth $99,000 as of its most recent SEC filing. 14.26% of the stock is owned by hedge funds and other institutional investors.

About Cohen & Company Inc.

Cohen & Company Inc is a publicly owned investment manager. The firm primarily provides its services to individuals and institutions. It manages separate client-focused fixed income portfolios. Institutional Financial Markets, Inc also manages funds and collateralized debt obligations for its clients.