Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN – Get Free Report) declared a quarterly dividend on Monday, August 3rd. Investors of record on Wednesday, August 19th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Wednesday, August 19th.
Institutional Financial Markets Trading Up 9.2%
NYSEAMERICAN:COHN traded up $1.22 during trading hours on Monday, reaching $14.47. The company’s stock had a trading volume of 72,396 shares, compared to its average volume of 29,360. The firm has a market capitalization of $36.32 million, a price-to-earnings ratio of 2.74 and a beta of 1.14. The firm has a 50-day simple moving average of $12.58 and a 200-day simple moving average of $15.56. Institutional Financial Markets has a 1 year low of $9.19 and a 1 year high of $32.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 0.87.
Institutional Financial Markets (NYSEAMERICAN:COHN – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $1.20. Institutional Financial Markets had a net margin of 5.12% and a return on equity of 44.53%. The business had revenue of $65.14 million during the quarter, compared to analyst estimates of $40.30 million. Research analysts expect that Institutional Financial Markets will post 1.9 EPS for the current fiscal year.
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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