Cohen & Company Inc. (NYSEAMERICAN:COHN) Short Interest Down 13.3% in September

Cohen & Company Inc. (NYSEAMERICAN:COHN) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 15,000 shares, a decline of 13.3% from the September 15th total of 17,300 shares. Based on an average daily volume of 8,200 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cohen & Company Inc. stock. Renaissance Technologies LLC purchased a new position in Cohen & Company Inc. (NYSEAMERICAN:COHN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,300 shares of the financial services provider’s stock, valued at approximately $136,000. Renaissance Technologies LLC owned about 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.

Cohen & Company Inc. Stock Performance

COHN stock traded up $0.02 during trading on Wednesday, hitting $8.58. 1,042 shares of the company’s stock traded hands, compared to its average volume of 10,530. The firm has a market cap of $16.73 million, a price-to-earnings ratio of 3.43 and a beta of 1.21. Cohen & Company Inc. has a 1 year low of $5.62 and a 1 year high of $12.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.31.

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

Cohen & Company Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.66%. The ex-dividend date was Thursday, August 22nd. Cohen & Company Inc.’s payout ratio is 40.00%.

Cohen & Company Inc. Company Profile

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.