Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) Short Interest Up 98.8% in May

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 28,077 shares, an increase of 98.8% from the May 14th total of 14,120 shares. Approximately 3.9% of the shares of the company are sold short. Based on an average daily volume of 32,716 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Financial Markets Stock Performance

Shares of COHN stock traded up $0.69 on Friday, reaching $12.44. The stock had a trading volume of 30,874 shares, compared to its average volume of 23,401. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average is $15.50 and its two-hundred day moving average is $17.03. The firm has a market capitalization of $31.22 million, a price-to-earnings ratio of 2.35 and a beta of 1.16. Institutional Financial Markets has a 12 month low of $8.16 and a 12 month high of $32.60.

Institutional Financial Markets (NYSEAMERICAN:COHN) last issued its earnings results on Monday, May 4th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. The company 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 company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Monday, May 18th. Institutional Financial Markets’s dividend payout ratio is presently 24.45%.

Insider Activity

In other news, EVP Joseph W. Jr. Pooler sold 6,113 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $17.15, for a total value of $104,837.95. Following the sale, the executive vice president directly owned 69,778 shares of the company’s stock, valued at approximately $1,196,692.70. This represents a 8.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.