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 during 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. Based on an average daily trading volume, of 32,716 shares, the short-interest ratio is currently 0.9 days. Currently, 3.9% of the company’s stock are short sold.

Institutional Financial Markets Stock Up 5.9%

Shares of Institutional Financial Markets stock traded up $0.69 during trading hours on Friday, reaching $12.44. 30,874 shares of the company’s stock were exchanged, compared to its average volume of 23,401. The company has a 50 day moving average of $15.50 and a two-hundred day moving average of $17.03. Institutional Financial Markets has a fifty-two week low of $8.16 and a fifty-two week high of $32.60. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The stock has a market cap of $31.22 million, a P/E ratio of 2.35 and a beta of 1.16.

Institutional Financial Markets (NYSEAMERICAN:COHN) last posted its quarterly earnings data on Monday, May 4th. The financial services provider reported $0.42 EPS for the quarter. Institutional Financial Markets had a net margin of 5.12% and a return on equity of 44.53%. The company had revenue of $56.04 million during the quarter.

Institutional Financial Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Monday, May 18th. Institutional Financial Markets’s dividend payout ratio is currently 24.45%.

Insider Activity at Institutional Financial Markets

In other news, EVP Joseph W. Jr. Pooler sold 6,113 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $17.15, for a total transaction of $104,837.95. Following the completion of the transaction, the executive vice president directly owned 69,778 shares in the company, valued at $1,196,692.70. This represents a 8.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 71.51% of the stock is currently owned by corporate insiders.

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.