Cohen & Company Inc (A:COHN)

Sector:  Financials Industry:  Diversified Investment Services
See Regulatory Filings on SEC
Company Contact
Address: Cira Centre
2929 Arch Street, 17Th Floor
Tel: N/A
IR: See website
Key People
Jack J. DiMaio
Chairman of the Board
Lester R. Brafman
Chief Executive Officer
Daniel G. Cohen
Vice Chairman of the Board; President, Chief Executive - European Operations
Joseph W. Pooler
Chief Financial Officer, Executive Vice President, Treasurer
Business Overview
Cohen & Company Inc., formerly 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 operates in three segments: Capital Markets, Principal Investing and Asset Management. Its Capital Markets business segment consists of credit-related fixed income sales, as well as issue placements in corporate and securitized products and advisory services. The Principal Investing business segment consists of investments that the Company has made using its own capital excluding investments the Company makes to support its Capital Markets business segment. Its Asset Management business segment manages assets through investment vehicles, such as collateralized debt obligations, permanent capital vehicles and managed accounts.
Financial Overview
For the nine months ended 30 September 2019, Cohen & Company Inc revenues decreased 1% to $33.6M. Net loss increased 38% to $2.8M. Revenues reflect Principal transactions and other income decrease of 65% to $1.7M, Asset Management decrease of 26% to $5.8M, New Issue & Advisory decrease of 71% to $250K. Higher net loss reflects Compensation and benefits increase of 4% to $19.8M (expense), Subscriptions, clearing.
Employees: 88 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $7,154M as of Sep 30, 2019
Annual revenue (TTM): $49.20M as of Sep 30, 2019
EBITDA (TTM): $2.62M as of Sep 30, 2019
Net annual income (TTM): -$3.25M as of Sep 30, 2019
Free cash flow (TTM): -$16.81M as of Sep 30, 2019
Net Debt Last Fiscal Year: $7,150M as of Sep 30, 2019
Shares outstanding: 1,194,624 as of Oct 29, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization