Institutional Financial Markets Inc(NYSEMKT:IFMI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Earnings per share were $0.07.
Institutional Financial Markets Inc (IFMI) made into the market gainers list on Fridays trading session with the shares advancing 28.76% or 0.325 points. Due to strong positive momentum, the stock ended at $1.455, which is also near the day’s high of $1.65. The stock began the session at $1.14 and the volume stood at 4,78,697 shares. The 52-week high of the shares is $1.67 and the 52 week low is $0.65. The company has a current market capitalization of $18 M and it has 1,21,04,582 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Nov 6, 2015, Christopher Ricciardi (director) purchased 250,000 shares at $2.00 per share price.Also, On Aug 28, 2015, Park Capital Partners Llc Mead (10% owner) sold 1,461,876 shares at $1.33 per share price.On Aug 28, 2015, Jack Dimaio (director) sold 974,585 shares at $1.33 per share price, according to the Form-4 filing with the securities and exchange commission.
Institutional Financial Markets Inc. is a financial services company. The Company specializes in credit-related fixed income investments. The Company provides a range of capital markets investment banking and asset management solutions to institutional investors corporations and other small broker-dealers. The Company’s operates in three segments: Capital Markets Principal Investing and Asset Management. Its Capital Markets business segment consists of credit-related fixed income sales trading and financing as well as new issue placements in corporate and securitized products and advisory services. Its Principal Investing business segment comprises primarily of its investments in the investment vehicles the Company manages. Its Asset Management business segment manages assets through investment vehicles such as collateralized debt obligations (CDOs) permanent capital vehicles and managed accounts.