Institutional Financial Markets (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler Sells 7,295 Shares of Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler sold 7,295 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $11.75, for a total transaction of $85,716.25. Following the transaction, the executive vice president directly owned 61,778 shares of the company’s stock, valued at $725,891.50. The trade was a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Financial Markets Stock Performance

NYSEAMERICAN COHN remained flat at $11.26 on Friday. 15,420 shares of the company were exchanged, compared to its average volume of 29,659. Institutional Financial Markets, Inc. has a twelve month low of $9.19 and a twelve month high of $32.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.87 and a current ratio of 0.86. The stock has a market capitalization of $36.37 million, a price-to-earnings ratio of 2.08 and a beta of 1.14. The company’s 50 day moving average price is $12.68 and its 200-day moving average price is $15.35.

Institutional Financial Markets (NYSEAMERICAN:COHN) last released its quarterly earnings data on Monday, August 3rd. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $1.20. Institutional Financial Markets had a return on equity of 47.14% and a net margin of 5.65%.The company had revenue of $65.14 million for the quarter, compared to the consensus estimate of $40.30 million. Analysts anticipate that Institutional Financial Markets, Inc. will post 1.9 earnings per share for the current fiscal year.

Institutional Financial Markets Dividend Announcement

The business 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.9%. Institutional Financial Markets’s dividend payout ratio (DPR) is presently 24.45%.

Analyst Ratings Changes

COHN has been the topic of several analyst reports. Zacks Research raised shares of Institutional Financial Markets to a “hold” rating in a report on Friday, July 10th. Northland Securities initiated coverage on shares of Institutional Financial Markets in a report on Thursday, July 9th. They set an “outperform” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.