Short Interest in Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) Increases By 106.2%

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 12,477 shares, a growth of 106.2% from the April 15th total of 6,052 shares. Currently, 2.1% of the company’s shares are short sold. Based on an average daily volume of 38,545 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Financial Markets Trading Down 8.1%

Shares of NYSEAMERICAN:COHN traded down $0.96 during mid-day trading on Monday, hitting $10.93. The stock had a trading volume of 17,713 shares, compared to its average volume of 35,156. The company’s 50 day moving average is $17.53 and its 200-day moving average is $17.13. Institutional Financial Markets has a 12-month low of $7.78 and a 12-month high of $32.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $27.11 million, a PE ratio of 2.07 and a beta of 1.36.

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

Institutional Financial Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Monday, May 18th. Institutional Financial Markets’s dividend payout ratio is currently 24.45%.

Insider Transactions at Institutional Financial Markets

In other Institutional Financial Markets news, EVP Joseph W. Jr. Pooler sold 6,113 shares of the company’s stock in a transaction dated 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 directly owned 69,778 shares of the company’s stock, valued at approximately $1,196,692.70. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 71.51% of the company’s stock.

Institutional Financial Markets Company Profile

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.