Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) Sees Large Drop in Short Interest

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) was the recipient of a significant decrease in short interest during the month of 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. Currently, 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 17,443 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

COHN has been the subject of a number of research analyst reports. Zacks Research raised Institutional Financial Markets to a “hold” rating in a report on Friday, July 10th. Northland Securities initiated coverage on shares of Institutional Financial Markets in a research report on Thursday, July 9th. They set an “outperform” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.00.

Insiders Place Their Bets

In other Institutional Financial Markets news, major shareholder Circle 3 Sponsor Corp Columbus purchased 265,000 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was bought at an average cost of $10.00 per share, with a total value of $2,650,000.00. Following the acquisition, the insider directly owned 265,000 shares of the company’s stock, valued at approximately $2,650,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 71.51% of the stock is currently owned by corporate insiders.

Institutional Financial Markets Stock Performance

Shares of COHN traded down $0.25 during midday trading on Friday, reaching $13.25. 5,628 shares of the stock were exchanged, compared to its average volume of 12,372. The company has a market capitalization of $33.26 million, a price-to-earnings ratio of 2.50 and a beta of 1.14. 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 has a twelve month low of $9.19 and a twelve month high of $32.60. The business’s 50-day moving average price is $12.58 and its 200 day moving average price is $15.58.

Institutional Financial Markets (NYSEAMERICAN:COHN) last released its quarterly earnings results on Monday, May 4th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $56.04 million for the quarter. Institutional Financial Markets had a return on equity of 44.53% and a net margin of 5.12%. On average, sell-side analysts expect that Institutional Financial Markets will post 1.9 EPS for the current fiscal year.

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.