Cohen & Company Inc. (NYSEAMERICAN:COHN) Shares Cross Above 200 Day Moving Average – Here’s Why

Shares of Cohen & Company Inc. (NYSEAMERICAN:COHN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $8.43. Cohen & Company Inc. shares last traded at $8.39, with a volume of 2,565 shares.

Cohen & Company Inc. Stock Performance

The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.31. The stock has a market cap of $16.24 million, a P/E ratio of 3.33 and a beta of 1.21.

Cohen & Company Inc. (NYSEAMERICAN:COHN) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported ($1.51) earnings per share for the quarter. Cohen & Company Inc. had a net margin of 4.69% and a negative return on equity of 1.98%. The firm had revenue of $10.80 million for the quarter.

Cohen & Company Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 12.00%. Cohen & Company Inc.’s dividend payout ratio is currently 40.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cohen & Company Inc. stock. Renaissance Technologies LLC acquired a new stake in Cohen & Company Inc. (NYSEAMERICAN:COHN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,300 shares of the financial services provider’s stock, valued at approximately $136,000. Renaissance Technologies LLC owned 0.79% of Cohen & Company Inc. at the end of the most recent quarter. 14.26% of the stock is currently owned by hedge funds and other institutional investors.

About Cohen & Company Inc.

Cohen & Company Inc is a publicly owned investment manager. The firm primarily provides its services to individuals and institutions. It manages separate client-focused fixed income portfolios. Institutional Financial Markets, Inc also manages funds and collateralized debt obligations for its clients.