Insider Buying: Institutional Financial Markets (NYSEAMERICAN:COHN) Major Shareholder Acquires $2,650,000.00 in Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) major shareholder Circle 3 Sponsor Corp Columbus purchased 265,000 shares of Institutional Financial Markets stock in a transaction that occurred on Friday, July 10th. The stock was acquired at an average cost of $10.00 per share, with a total value of $2,650,000.00. Following the acquisition, the insider directly owned 265,000 shares in the company, valued at $2,650,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Institutional Financial Markets Price Performance

COHN stock traded down $0.45 during mid-day trading on Monday, reaching $13.60. 45,384 shares of the company’s stock were exchanged, compared to its average volume of 14,786. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87. Institutional Financial Markets, Inc. has a 12-month low of $9.19 and a 12-month high of $32.60. The stock’s 50 day moving average is $12.29 and its 200 day moving average is $16.37. The company has a market cap of $34.14 million, a price-to-earnings ratio of 2.57 and a beta of 1.14.

Institutional Financial Markets (NYSEAMERICAN:COHN) last posted its quarterly earnings data on Monday, May 4th. The financial services provider reported $0.42 EPS for the quarter. The business had revenue of $56.04 million during the quarter. Institutional Financial Markets had a return on equity of 44.53% and a net margin of 5.12%. On average, research analysts expect that Institutional Financial Markets, Inc. will post 1.9 EPS for the current year.

Institutional Financial Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a yield of 7.4%. Institutional Financial Markets’s dividend payout ratio (DPR) is currently 24.45%.

Analysts Set New Price Targets

Separately, Northland Securities began coverage on shares of Institutional Financial Markets in a research report on Thursday. They set an “outperform” rating and a $20.00 price objective for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $20.00.

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.