Cohen Company Stock Price, News & Analysis

Cohen & Company Inc. (NYSE American: COHN) is set to release its first quarter 2021 financial results on May 6, 2021. The Company will hold a conference call at 11:00 a.m. ET to discuss these results. This call will be accessible via webcast on the Company's homepage. Cohen & Company specializes in financial services, particularly in fixed income and SPAC markets, managing approximately $2.4 billion in assets as of March 31, 2021. A significant portion (67.7%) of its assets under management consists of collateralized debt obligations.

Cohen & Company Inc. (NYSE American: COHN) has announced that Dan Nash and Jerry Serowik have joined its subsidiary, J.V.B. Financial Group, LLC (JVB). This strategic move aims to enhance JVB’s Investment Banking division. Nash will serve as Head of Investment Banking, overseeing M&A and equity capital markets, while Serowik takes charge of Equity Capital Markets with a focus on SPAC and PIPE transactions. Their extensive experience in the financial sector is expected to significantly bolster JVB's client advisory capabilities, particularly in the thriving SPAC market.

Cohen & Company Inc. (NYSE American: COHN) reported strong financial results for Q4 and the full year ended December 31, 2020. Net income attributable to the company rose to $14.8 million, equating to $7.64 per diluted share, up from just $1.7 million in Q3 2020. Adjusted pre-tax income also increased to $23.8 million, or $4.64 per diluted share. Total revenues surged to $66.4 million, a significant increase from $21.9 million in Q3 2020. The company’s merger with Shift Technologies contributed $18.3 million to adjusted pre-tax income in Q4.

Cohen & Company (NYSE American: COHN) is set to announce its financial results for Q4 and the full year 2020 on March 3, 2021. A conference call will be held at 11:00 a.m. ET to discuss these results, accessible via webcast on the company's website. Founded in 1999, Cohen & Company specializes in fixed income and SPAC markets, with $2.8 billion in assets under management as of December 31, 2020. The firm operates through three segments: Capital Markets, Asset Management, and Principal Investing.

Cohen & Company reported Q3 2020 net income of $3.3 million or $1.19 per diluted share, equaling the previous quarter but significantly improving from a net loss of $1.9 million a year prior. Total revenues reached $21.9 million, down from $24.1 million in Q2 but up from $11.3 million in Q3 2019. Key performance indicators included a 50% compensation expense ratio. The firm showed growth in the SPAC sector, highlighted by the recent merger of Insurance Acquisition Corp. with Shift Technologies, indicating strategic expansion.

Cohen & Company Inc. (NYSE American: COHN) is set to release its financial results for the third quarter of 2020 on November 4, 2020, followed by a conference call at 10:00 AM ET. The call will be accessible via webcast through the company’s homepage, and participants can join by phone. As of September 30, 2020, Cohen & Company managed approximately $2.7 billion in fixed income assets, with 77.4% in collateralized debt obligations. Established in 1999, the firm specializes in capital markets, asset management, and principal investing.

Cohen & Company has announced the pricing of an upsized initial public offering (IPO) for its blank-check company, INSU Acquisition Corp. II. The offering consists of 20,000,000 units, priced at $10.00 each, yielding gross proceeds of $200 million. These units began trading on Nasdaq under the symbol 'INAQU' on September 3, 2020. The offering's closing is expected around September 8, 2020, pending customary conditions. Cantor Fitzgerald is the sole book-running manager, with an option for underwriters to buy an additional 3 million units. This encourages strategic growth within the insurance sector.

Cohen & Company Inc. (NYSE American: COHN) announced the closure of its PriDe III Funds, raising over €375 million. This investment will support small and mid-size insurance companies in enhancing their regulatory capital and funding growth. Daniel Cohen emphasized the firm's expertise in the insurance sector, while Paul Vernhes noted this as their largest fundraise in a challenging market. Since inception, Cohen & Company has invested over $4.3 billion in over 200 insurance companies globally.

Cohen & Company Inc. (NYSE American: COHN) reported a significant loss of $3.1 million for Q1 2020, compared to a net income of $774,000 in Q4 2019. Total revenues increased to $17.8 million, up from $16.1 million in the prior quarter and $11.1 million year-over-year, largely driven by net trading gains despite substantial losses in trading books. A non-cash goodwill impairment of $7.9 million was also recorded. Compensation and benefits expenses surged to 80% of revenues. The company anticipates ongoing challenges due to COVID-19, affecting trading volumes and asset management fees.