Institutional Financial Markets (NYSEAMERICAN:COHN) Announces Quarterly Earnings Results

Institutional Financial Markets (NYSEAMERICAN:COHN) announced its quarterly earnings results on Monday. The financial services provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $1.20, FiscalAI reports. Institutional Financial Markets had a return on equity of 44.53% and a net margin of 5.12%.

Institutional Financial Markets Price Performance

Institutional Financial Markets stock opened at $13.25 on Monday. The stock’s 50 day moving average is $12.58 and its 200 day moving average is $15.56. Institutional Financial Markets has a one year low of $9.19 and a one year high of $32.60. The firm has a market cap of $33.26 million, a P/E ratio of 2.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87.

Insiders Place Their Bets

In other news, major shareholder Circle 3 Sponsor Corp Columbus purchased 265,000 shares of the stock in a transaction on Friday, July 10th. The stock was purchased at an average price of $10.00 per share, for a total transaction of $2,650,000.00. Following the acquisition, the insider owned 265,000 shares in the company, valued at $2,650,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 71.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Northland Securities initiated coverage on Institutional Financial Markets in a research note on Thursday, July 9th. They issued an “outperform” rating and a $20.00 price objective for the company. Zacks Research upgraded shares of Institutional Financial Markets to a “hold” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Institutional Financial Markets currently 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.