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

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 12,477 shares, a growth of 106.2% from the April 15th total of 6,052 shares. Based on an average daily volume of 38,545 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.1% of the company’s stock are sold short.

Insider Activity

In related news, EVP Joseph W. Jr. Pooler sold 6,113 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $17.15, for a total value of $104,837.95. Following the completion of the transaction, the executive vice president directly owned 69,778 shares in the company, valued at approximately $1,196,692.70. The trade was 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 this hyperlink. Corporate insiders own 71.51% of the company’s stock.

Institutional Financial Markets Stock Down 8.2%

Shares of COHN traded down $1.06 on Friday, hitting $11.89. The company’s stock had a trading volume of 50,347 shares, compared to its average volume of 41,943. 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 fifty day moving average price is $17.53 and its 200-day moving average price is $17.13. Institutional Financial Markets has a fifty-two week low of $7.78 and a fifty-two week high of $32.60. The firm has a market capitalization of $29.49 million, a price-to-earnings ratio of 2.25 and a beta of 1.36.

Institutional Financial Markets (NYSEAMERICAN:COHN) last issued its quarterly earnings data on Friday, March 6th. The financial services provider reported $2.97 earnings per share (EPS) for the quarter. Institutional Financial Markets had a return on equity of 44.53% and a net margin of 5.12%.The business had revenue of $96.20 million during the quarter.

Institutional Financial Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be paid a $0.25 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.00 annualized dividend and a yield of 8.4%. Institutional Financial Markets’s payout ratio 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.