Institutional Financial Markets (NYSEAMERICAN:COHN) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.07 and traded as low as $11.93. Institutional Financial Markets shares last traded at $12.25, with a volume of 127,017 shares trading hands.

Institutional Financial Markets Price Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $30.38 million, a price-to-earnings ratio of 2.32 and a beta of 1.36. The stock’s 50 day simple moving average is $17.67 and its 200-day simple moving average is $17.07.

Institutional Financial Markets (NYSEAMERICAN:COHN) last posted its earnings results on Friday, March 6th. The financial services provider reported $2.97 earnings per share (EPS) for the quarter. The firm had revenue of $96.20 million during the quarter. Institutional Financial Markets had a net margin of 5.12% and a return on equity of 44.53%.

Institutional Financial Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be paid a $0.25 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a yield of 8.2%. Institutional Financial Markets’s payout ratio is 24.45%.

Insider Buying and Selling

In other Institutional Financial Markets news, major shareholder Circle 2 Sponsor Corp Columbus bought 265,000 shares of Institutional Financial Markets stock in a transaction on Thursday, February 12th. The stock was purchased at an average cost of $10.00 per share, for a total transaction of $2,650,000.00. Following the completion of the purchase, the insider directly owned 265,000 shares of the company’s stock, valued at $2,650,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph W. Jr. Pooler sold 6,113 shares of Institutional Financial Markets stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $17.15, for a total transaction of $104,837.95. Following the completion of the sale, the executive vice president owned 69,778 shares of the company’s stock, valued at $1,196,692.70. This trade represents a 8.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 76.15% of the stock is owned by insiders.

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.