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 three months ended 31 March 2020, Cohen & Company Inc revenues increased 60% to $17.8M. Net loss increased from $1.2M to $3.1M. Revenues reflect Net Trading increase from $8.7M to $18.6M. Higher net loss reflects Impairment of goodwill increase from $0K to $7.9M (expense), Compensation and benefits increase from $6.4M to $14.1M (expense), Interest expense, net increase of 41% to $2.6M (expense).
Employees: 88 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $6,071M as of Mar 31, 2020
Annual revenue (TTM): $56.30M as of Mar 31, 2020
EBITDA (TTM): $2.86M as of Mar 31, 2020
Net annual income (TTM): -$3.95M as of Mar 31, 2020
Free cash flow (TTM): $57.61M as of Mar 31, 2020
Net Debt Last Fiscal Year: $6,060M as of Mar 31, 2020
Shares outstanding: 1,246,710 as of May 5, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization