Institutional Financial Markets (NYSEAMERICAN:COHN) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.18 and traded as low as $11.04. Institutional Financial Markets shares last traded at $11.29, with a volume of 10,867 shares traded.

Institutional Financial Markets Price Performance

The business’s 50 day moving average is $16.06 and its two-hundred day moving average is $17.18. The firm has a market capitalization of $28.34 million, a PE ratio of 2.13 and a beta of 1.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87.

Institutional Financial Markets (NYSEAMERICAN:COHN) last announced its earnings results 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%.

Institutional Financial Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.00 annualized dividend and a dividend yield of 8.9%. 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 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 transaction of $104,837.95. Following the transaction, the executive vice president directly owned 69,778 shares of the company’s stock, valued at approximately $1,196,692.70. This trade represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 71.51% of the company’s stock.

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.