Insider Buying: Institutional Financial Markets (NYSEAMERICAN:COHN) Major Shareholder Buys 265,000 Shares of Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) major shareholder Circle 2 Sponsor Corp Columbus acquired 265,000 shares of Institutional Financial Markets stock in a transaction that occurred on Thursday, February 12th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $2,650,000.00. Following the transaction, the insider directly owned 265,000 shares in the company, valued at $2,650,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Institutional Financial Markets Trading Down 9.7%

Shares of NYSEAMERICAN COHN traded down $1.71 during trading on Tuesday, reaching $15.87. The company had a trading volume of 20,935 shares, compared to its average volume of 21,689. The company’s fifty day moving average price is $19.44 and its 200-day moving average price is $14.74. Institutional Financial Markets, Inc. has a 12 month low of $6.10 and a 12 month high of $32.60. The stock has a market cap of $32.37 million, a P/E ratio of 6.70 and a beta of 1.26. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32.

Institutional Financial Markets Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Thursday, January 22nd. Stockholders of record on Wednesday, January 7th were paid a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, January 7th. Institutional Financial Markets’s dividend payout ratio is 24.45%.

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.