Institutional Financial Markets (NYSEAMERICAN:COHN) Coverage Initiated by Analysts at Northland Securities

Northland Securities began coverage on shares of Institutional Financial Markets (NYSEAMERICAN:COHN) in a research note released on Thursday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $20.00 target price on the financial services provider’s stock.

Institutional Financial Markets Stock Performance

Shares of COHN opened at $13.90 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. Institutional Financial Markets has a 12 month low of $9.19 and a 12 month high of $32.60. The firm has a fifty day simple moving average of $12.67 and a 200 day simple moving average of $16.40. The stock has a market capitalization of $34.89 million, a price-to-earnings ratio of 2.63 and a beta of 1.14.

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. Institutional Financial Markets had a return on equity of 44.53% and a net margin of 5.12%.The company had revenue of $56.04 million during the quarter.

Institutional Financial Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a yield of 7.2%. Institutional Financial Markets’s dividend payout ratio (DPR) is presently 24.45%.

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.