Institutional Financial Markets (NYSEAMERICAN:COHN) Major Shareholder Circle 3 Sponsor Corp Columbus Buys 265,000 Shares

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

Institutional Financial Markets Trading Down 3.2%

NYSEAMERICAN COHN opened at $13.60 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.29. Institutional Financial Markets, Inc. has a 52 week low of $9.19 and a 52 week high of $32.60. The stock has a market capitalization of $34.14 million, a PE ratio of 2.57 and a beta of 1.14. The firm has a 50 day moving average of $12.29 and a two-hundred day moving average of $16.37.

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

Institutional Financial Markets Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Northland Securities initiated coverage on Institutional Financial Markets in a report on Thursday, July 9th. They set an “outperform” rating and a $20.00 price target for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price 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.