Institutional Financial Markets (NYSEAMERICAN:COHN) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.18 and traded as high as $17.73. Institutional Financial Markets shares last traded at $17.14, with a volume of 11,813 shares changing hands.

Institutional Financial Markets Stock Up 2.3%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.92. The company has a fifty day simple moving average of $18.21 and a two-hundred day simple moving average of $15.20. The firm has a market capitalization of $41.99 million, a PE ratio of 3.39 and a beta of 1.31.

Institutional Financial Markets (NYSEAMERICAN:COHN) last announced its quarterly 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 return on equity of 43.35% and a net margin of 5.24%.

Institutional Financial Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Friday, March 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.00 dividend on an annualized basis and a yield of 5.8%. Institutional Financial Markets’s dividend payout ratio (DPR) is 24.45%.

Insider Activity at Institutional Financial Markets

In other Institutional Financial Markets news, major shareholder Circle 2 Sponsor Corp Columbus purchased 265,000 shares of Institutional Financial Markets stock in a transaction dated Thursday, February 12th. The stock was acquired at an average price of $10.00 per share, for a total transaction of $2,650,000.00. Following the acquisition, the insider owned 265,000 shares in the company, valued at $2,650,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 76.15% 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.