Joseph Jr. Pooler Sells 7,295 Shares of Institutional Financial Markets (NYSEAMERICAN:COHN) Stock

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) EVP Joseph Jr. Pooler sold 7,295 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $11.75, for a total transaction of $85,716.25. Following the completion of the transaction, the executive vice president owned 61,778 shares in the company, valued at $725,891.50. This represents a 10.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Financial Markets Stock Performance

Shares of NYSEAMERICAN:COHN opened at $11.26 on Friday. The firm has a market cap of $36.37 million, a PE ratio of 2.08 and a beta of 1.14. The firm’s 50 day simple moving average is $12.68 and its 200-day simple moving average is $15.32. Institutional Financial Markets, Inc. has a one year low of $9.19 and a one year high of $32.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.87 and a current ratio of 0.86.

Institutional Financial Markets (NYSEAMERICAN:COHN) last posted its quarterly earnings results on Monday, August 3rd. The financial services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $0.42 by $1.20. Institutional Financial Markets had a net margin of 5.65% and a return on equity of 47.14%. The firm had revenue of $65.14 million during the quarter, compared to the consensus estimate of $40.30 million. As a group, equities analysts predict that Institutional Financial Markets, Inc. will post 1.9 EPS for the current year.

Institutional Financial Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 8.9%. Institutional Financial Markets’s payout ratio is 24.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Northland Securities began coverage on Institutional Financial Markets in a research report on Thursday, July 9th. They set an “outperform” rating and a $20.00 price target on the stock. Zacks Research upgraded Institutional Financial Markets to a “hold” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Institutional Financial Markets presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

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.