Cohen & Company Inc. (NYSEAMERICAN:COHN) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Cohen & Company Inc. (NYSEAMERICAN:COHN)’s share price crossed 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 trading hands.

Cohen & Company Inc. Price 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 capitalization of $16.36 million, a PE ratio of 3.36 and a beta of 1.21.

Cohen & Company Inc. (NYSEAMERICAN:COHN) last released its earnings results 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 company had revenue of $10.80 million during the quarter.

Cohen & Company Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.92%. The ex-dividend date was Thursday, August 22nd. Cohen & Company Inc.’s payout ratio is 40.00%.

Hedge Funds Weigh In On Cohen & Company Inc.

A hedge fund recently bought a new stake in Cohen & Company Inc. stock. Renaissance Technologies LLC acquired a new stake in shares of 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 approximately 0.79% of Cohen & Company Inc. at the end of the most recent reporting period. 14.26% of the stock is currently owned by hedge funds and other institutional investors.

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.