Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN – Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 11,576 shares, a decrease of 38.7% from the June 30th total of 18,890 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily volume of 17,443 shares, the short-interest ratio is currently 0.7 days.
Analyst Upgrades and Downgrades
COHN has been the subject of several recent analyst reports. Northland Securities assumed coverage on Institutional Financial Markets in a research note on Thursday, July 9th. They set an “outperform” rating and a $20.00 price target for the company. Zacks Research raised Institutional Financial Markets to a “hold” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.
Read Our Latest Analysis on COHN
Institutional Financial Markets Stock Performance
Institutional Financial Markets (NYSEAMERICAN:COHN – Get Free Report) last announced its earnings results on Monday, May 4th. The financial services provider reported $0.42 EPS for the quarter. The firm 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%. On average, research analysts expect that Institutional Financial Markets will post 1.9 EPS for the current year.
Institutional Financial Markets Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Monday, May 18th. Institutional Financial Markets’s dividend payout ratio (DPR) is currently 24.45%.
Insider Buying and Selling
In other Institutional Financial Markets news, major shareholder Circle 3 Sponsor Corp Columbus bought 265,000 shares of the stock in a transaction on Friday, July 10th. The shares were purchased at an average cost of $10.00 per share, with a total value of $2,650,000.00. Following the completion of the transaction, the insider directly owned 265,000 shares of the company’s stock, valued at $2,650,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 71.51% of the stock is owned by insiders.
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.
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