Last $2.06 USD
Change Today +0.04 / 1.98%
Volume 7.1K
IFMI On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 09/12/14 All times are local (Market data is delayed by at least 15 minutes).

institutional financial mark (IFMI) Snapshot

Open
$2.05
Previous Close
$2.02
Day High
$2.09
Day Low
$2.03
52 Week High
11/15/13 - $2.95
52 Week Low
12/23/13 - $1.82
Market Cap
31.4M
Average Volume 10 Days
9.1K
EPS TTM
$-0.35
Shares Outstanding
15.3M
EX-Date
08/13/14
P/E TM
--
Dividend
$0.08
Dividend Yield
3.88%
Current Stock Chart for INSTITUTIONAL FINANCIAL MARK (IFMI)

institutional financial mark (IFMI) Related Businessweek News

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institutional financial mark (IFMI) Details

Institutional Financial Markets, 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. It invests in the fixed income and alternative investment markets across the globe. The firm’s fixed income investments include U.S. trust preferred securities, European hybrid capital securities, Asian commercial real estate debt, mortgage backed securities, and asset backed securities. Institutional Financial Markets, Inc. was founded in 1999 and is based in Philadelphia, Pennsylvania with additional offices in New York, New York; Boca Raton, Florida; Chicago, Illinois; Bethesda, Maryland; Boston, Massachusetts; Paris, France; London, United Kingdom; and Tokyo, Japan.

121 Employees
Last Reported Date: 08/1/14
Founded in 1999

institutional financial mark (IFMI) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $747.5K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $544.2K
Vice Chairman, Chief Executive of European Bu...
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2013.

institutional financial mark (IFMI) Key Developments

Institutional Financial Markets Announces Resignation of Daniel Cohen, President and CEO of European Operations and Vice Chairman of Board

Institutional Financial Markets Inc. announced that it has agreed to sell its European operations to C&Co Europe Acquisition LLC for approximately $8.7 million. The operations will be sold to an entity controlled by Daniel Cohen, president and CEO of Institutional Financial Markets' European operations and vice Chairman of Institutional Financial Markets board. Upon closing of the transaction, Cohen will resign from Institutional Financial Markets.

Institutional Financial Markets, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Impairment of Goodwill; Declares Dividend Payable on August 29, 2014

Institutional Financial Markets, Inc. reported earnings results for the second quarter and six months ended June 30, 2014. Adjusted operating income was $2.0 million, or $0.10 per diluted share, for the three months ended June 30, 2014, compared to adjusted operating loss of $0.7 million, or $0.03 per diluted share, for the three months ended March 31, 2014 and adjusted operating loss of $5.1 million, or $0.30 per diluted share, for the three months ended June 30, 2013. Revenue was $14.2 million, compared to revenue of $13.2 million for the three months ended March 31, 2014 and revenue of $13.7 million for the three months ended June 30, 2013. Net loss was $2.9 million, or $0.14 per diluted share, for the three months ended June 30, 2014, compared to net loss of $2.8 million, or $0.14 per diluted share, for the three months ended March 31, 2014 and net loss of $6.9 million, or $0.40 per diluted share, for the three months ended June 30, 2013. Operating loss was $1.660 million against $5.89 million a year ago. Adjusted operating income was $1.3 million, or $0.06 per diluted share, for the six months ended June 30, 2014, compared to adjusted operating loss of $10.7 million, or $0.64 per diluted share, for the six months ended June 30, 2013. Revenue was $27.4 million for the six months ended June 30, 2014, compared to revenue of $27.8 million for the six months ended June 30, 2013. The quarterly increases were primarily the result of higher new issue and advisory revenue in the current period, as well as the absence of mark-to-market losses on the company's former investment in Star Asia, which was sold in February 2014 and represented a significant source of volatility in past financial results. Net loss was $5.7 million, or $0.28 per diluted share, for the six months ended June 30, 2014, compared to net loss of $13.5 million, or $0.80 per diluted share, for the six months ended June 30, 2013. Operating loss was $3.35 million against $12.97 million a year ago. For the quarter, the company has announced impairment of goodwill of $3.121 million. The company announced that its Board of Directors has declared a dividend of $0.02 per share. The dividend will be payable on August 29, 2014, to stockholders of record on August 15, 2014.

Institutional Financial Markets, Inc., Q2 2014 Pre Recorded Earnings Call, Jul 31, 2014

Institutional Financial Markets, Inc., Q2 2014 Pre Recorded Earnings Call, Jul 31, 2014

 

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