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. 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. the firm was formerly known as institutional financial markets, inc. cohen & company inc. was founded in 1999 and is based in philadelphia, pennsylvania with additional offices in new york city; boca raton, florida; chicago, illinois; bethesda, maryland; boston, massachusetts; paris, france; and london, united kingdom.
Company profile
Ticker
COHN
Exchange
Website
CEO
Lester R. Brafman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ALESCO FINANCIAL INC, INSTITUTIONAL FINANCIAL MARKETS, INC., SUNSET FINANCIAL RESOURCES INC
SEC CIK
Corporate docs
Subsidiaries
Cohen & Compagnie, SAS • Cohen & Company Financial Europe Limited S.A. • Cohen & Company • Cohen Principal Investing, LLC • Dekania Capital Management LLC • Dekania Investors, LLC • Cohen & Company, LLC • J.V.B. Financial Group, LLC • J.V.B. Financial Group Holdings, LP • JVB Financial Holdings, L.L.C. ...
IRS number
161685692
COHN stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
19 Apr 24
DEFA14A
Additional proxy soliciting materials
19 Apr 24
DEF 14A
Definitive proxy
19 Apr 24
10-K
2023 FY
Annual report
6 Mar 24
8-K
Cohen & Company Reports Fourth Quarter & Full Year 2023 Financial Results
6 Mar 24
8-K
Entry into a Material Definitive Agreement
29 Jan 24
8-K
Entry into a Material Definitive Agreement
5 Jan 24
CERT
Certification of approval for exchange listing
2 Jan 24
8-A12B
Registration of securities on exchange
2 Jan 24
8-K
Entry into a Material Definitive Agreement
2 Jan 24
Transcripts
COHN
Earnings call transcript
2023 Q1
4 May 23
COHN
Earnings call transcript
2023 Q1
4 May 23
COHN
Earnings call transcript
2022 Q4
7 Mar 23
COHN
Earnings call transcript
2022 Q3
2 Nov 22
COHN
Earnings call transcript
2022 Q2
5 Aug 22
COHN
Earnings call transcript
2022 Q1
9 May 22
COHN
Earnings call transcript
2021 Q4
8 Mar 22
COHN
Earnings call transcript
2021 Q3
2 Nov 21
COHN
Earnings call transcript
2021 Q2
1 Aug 21
COHN
Earnings call transcript
2021 Q1
8 May 21
Latest ownership filings
4
Joseph W. Jr. Pooler
2 Feb 24
4
Douglas Listman
2 Feb 24
4
DANIEL G COHEN
2 Feb 24
4
Lester Raymond Brafman
2 Feb 24
4
Joseph W. Jr. Pooler
21 Dec 23
4
Douglas Listman
21 Dec 23
4
Diana Louise Liberto
21 Dec 23
4
Jack Haraburda
21 Dec 23
4
DANIEL G COHEN
21 Dec 23
4
Lester Raymond Brafman
21 Dec 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 13.35 mm | 13.35 mm | 13.35 mm | 13.35 mm | 13.35 mm | 13.35 mm |
Cash burn (monthly) | (no burn) | 2.83 mm | 2.16 mm | 1.61 mm | 170.00 k | 5.33 mm |
Cash used (since last report) | n/a | 19.33 mm | 14.79 mm | 11.00 mm | 1.16 mm | 36.39 mm |
Cash remaining | n/a | -5.98 mm | -1.44 mm | 2.35 mm | 12.19 mm | -23.04 mm |
Runway (months of cash) | n/a | -2.1 | -0.7 | 1.5 | 71.7 | -4.3 |
Institutional ownership, Q3 2023
2.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 7 |
Opened positions | 2 |
Closed positions | 0 |
Increased positions | 2 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 356.65 mm |
Total shares | 54.74 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 29.04 k | $189.34 mm |
Citadel Advisors | 16.95 k | $110.51 mm |
RY Royal Bank Of Canada | 7.10 k | $46.00 mm |
Tower Research Capital | 1.31 k | $8.56 mm |
MS Morgan Stanley | 207.00 | $1.35 mm |
HighMark Wealth Management | 130.00 | $845.00 k |
WFC Wells Fargo & Co. | 6.00 | $39.00 k |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Dec 23 | DiMaio Jack | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 1,100 | 0.00 | 19,833 |
21 Dec 23 | Dawson G Steven | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 1,100 | 0.00 | 1,100 |
21 Dec 23 | Brafman Lester Raymond | Cohen & Company, LLC Membership Units Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 211,000 | 0.00 | 2,162,670 |
21 Dec 23 | Cohen Daniel G | Cohen & Company, LLC Membership Units Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 211,000 | 0.00 | 23,207,975 |
21 Dec 23 | Jack Haraburda | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 1,100 | 0.00 | 10,484 |