Cohen & Company Inc. (NYSEAMERICAN:COHN) Sees Significant Increase in Short Interest

Cohen & Company Inc. (NYSEAMERICAN:COHN) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 13,800 shares, a growth of 11.3% from the October 15th total of 12,400 shares. Based on an average daily trading volume, of 12,500 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cohen & Company Inc. stock. Renaissance Technologies LLC purchased a new position in Cohen & Company Inc. (NYSEAMERICAN:COHN) in the 2nd quarter, according to the company in its most recent disclosure with the 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 reporting period. 14.26% of the stock is owned by hedge funds and other institutional investors.

Cohen & Company Inc. Price Performance

COHN stock traded up $0.21 during midday trading on Monday, hitting $9.91. 17,000 shares of the company’s stock were exchanged, compared to its average volume of 11,822. The stock has a market cap of $19.32 million, a price-to-earnings ratio of 2.42 and a beta of 1.22. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.35. Cohen & Company Inc. has a 1-year low of $6.04 and a 1-year high of $12.82.

Cohen & Company Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.00 annualized dividend and a yield of 10.09%. Cohen & Company Inc.’s dividend payout ratio is 24.45%.

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.