Institutional Financial Markets (NYSEAMERICAN:COHN) Shares Pass Below 200 Day Moving Average – What’s Next?

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.52 and traded as low as $14.84. Institutional Financial Markets shares last traded at $15.51, with a volume of 27,569 shares.

Institutional Financial Markets Stock Performance

The firm has a market cap of $38.00 million, a price-to-earnings ratio of 3.07 and a beta of 1.31. The stock’s 50 day moving average is $16.89 and its 200 day moving average is $15.52. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32.

Institutional Financial Markets (NYSEAMERICAN:COHN) last issued its quarterly earnings data on Friday, March 6th. The financial services provider reported $2.97 earnings per share (EPS) for the quarter. The firm had revenue of $96.20 million during the quarter. Institutional Financial Markets had a net margin of 5.24% and a return on equity of 43.35%.

Institutional Financial Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 20th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, March 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.4%. Institutional Financial Markets’s dividend payout ratio (DPR) is 24.45%.

Insider Activity at Institutional Financial Markets

In other Institutional Financial Markets news, EVP Joseph W. Jr. Pooler sold 6,113 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $17.15, for a total value of $104,837.95. Following the transaction, the executive vice president directly owned 69,778 shares of the company’s stock, valued at $1,196,692.70. This represents a 8.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Circle 2 Sponsor Corp Columbus acquired 265,000 shares of the stock in a transaction 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 approximately $2,650,000. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 76.15% of the company’s stock.

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.