Northland Securities Initiates Coverage on Institutional Financial Markets (NYSEAMERICAN:COHN)

Equities researchers at Northland Securities initiated coverage on shares of Institutional Financial Markets (NYSEAMERICAN:COHN) in a research report issued on Thursday. The brokerage set an “outperform” rating and a $20.00 price target on the financial services provider’s stock. Northland Securities’ price objective points to a potential upside of 52.67% from the stock’s current price.

Institutional Financial Markets Trading Up 1.2%

NYSEAMERICAN COHN opened at $13.10 on Thursday. Institutional Financial Markets has a 52 week low of $9.19 and a 52 week high of $32.60. The company has a 50 day moving average price of $12.85 and a 200 day moving average price of $16.41. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.29. The firm has a market cap of $32.88 million, a PE ratio of 2.48 and a beta of 1.14.

Institutional Financial Markets (NYSEAMERICAN:COHN) last released its quarterly earnings results on Monday, May 4th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. The business had revenue of $56.04 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 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.