Institutional Financial Markets (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler Sells 7,295 Shares of Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler sold 7,295 shares of Institutional Financial Markets stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $11.75, for a total value of $85,716.25. Following the completion of the transaction, the executive vice president directly owned 61,778 shares in the company, valued at $725,891.50. This represents a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Financial Markets Price Performance

Shares of NYSEAMERICAN:COHN opened at $11.26 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.87 and a current ratio of 0.86. Institutional Financial Markets, Inc. has a 1 year low of $9.19 and a 1 year high of $32.60. The stock has a market capitalization of $36.37 million, a P/E ratio of 2.08 and a beta of 1.14. The stock has a 50-day simple moving average of $12.68 and a 200-day simple moving average of $15.32.

Institutional Financial Markets (NYSEAMERICAN:COHN) last announced its quarterly earnings results on Monday, August 3rd. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $1.20. Institutional Financial Markets had a net margin of 5.65% and a return on equity of 47.14%. The firm had revenue of $65.14 million for the quarter, compared to analysts’ expectations of $40.30 million. Equities analysts forecast that Institutional Financial Markets, Inc. will post 1.9 earnings per share for the current year.

Institutional Financial Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 8.9%. Institutional Financial Markets’s payout ratio is presently 24.45%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COHN. Zacks Research raised shares of Institutional Financial Markets to a “hold” rating in a research report on Friday, July 10th. Northland Securities began coverage on Institutional Financial Markets in a research report on Thursday, July 9th. They issued an “outperform” rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

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.