Institutional Financial Markets (NYSEAMERICAN:COHN) Stock Passes Below 200-Day Moving Average – What’s Next?

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.19 and traded as low as $10.98. Institutional Financial Markets shares last traded at $11.28, with a volume of 21,859 shares.

Institutional Financial Markets Stock Performance

The company’s 50-day simple moving average is $16.64 and its 200 day simple moving average is $17.19. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The stock has a market cap of $28.31 million, a P/E ratio of 2.13 and a beta of 1.36.

Institutional Financial Markets (NYSEAMERICAN:COHN) last posted its earnings results on Friday, March 6th. The financial services provider reported $2.97 EPS for the quarter. The firm had revenue of $96.20 million for the quarter. Institutional Financial Markets had a net margin of 5.12% and a return on equity of 44.53%.

Institutional Financial Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Monday, May 18th. Institutional Financial Markets’s payout ratio is 24.45%.

Insider Activity at Institutional Financial Markets

In related news, EVP Joseph W. Jr. Pooler sold 6,113 shares of Institutional Financial Markets stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $17.15, for a total value of $104,837.95. Following the sale, the executive vice president owned 69,778 shares of the company’s stock, valued at approximately $1,196,692.70. The trade was a 8.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 71.51% 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.