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Cohen & Company Inc. (COHN) is a publicly-owned investment management firm headquartered in Philadelphia, Pennsylvania. Established in 1999, the company is recognized for its expertise in managing a range of fixed-income portfolios, with services extended to individuals and institutions globally. Formerly known as Institutional Financial Markets, Inc., Cohen & Company has a robust presence with additional offices in New York City, Boca Raton, Chicago, Bethesda, Boston, Paris, and London.
The firm's business is segmented into three primary areas:
- Capital Markets: This segment is the main revenue driver and includes activities such as fixed-income sales and trading, matched book repo financing, new issue placements in corporate and securitized products, and advisory services.
- Asset Management: This segment focuses on managing assets within collateralized debt obligations, managed accounts, joint ventures, and investment funds. It invests in U.S. trust preferred securities, European hybrid capital securities, Asian commercial real estate debt, mortgage-backed securities, and asset-backed securities.
- Principal Investing: This segment involves investments aimed at generating returns rather than supporting trading or other capital market activities.
Recently, Cohen & Company has been actively involved in the de-SPAC market, advising on 29 announced or closed deals, representing nearly $16 billion in M&A volume for 2023. The firm is known for its innovative solutions and strategic advisory services across various sectors including blockchain, digital assets, auto-tech, clean-tech, and cybersecurity.
The company had a strong performance in 2023, despite challenges in new issue markets. CCM, the firm's capital markets division, was a leading advisor in the de-SPAC market and has expanded its senior leadership team with notable hires to bolster its capabilities in M&A, capital markets, and SPAC advisory.
Cohen & Company continues to innovate and adapt, leveraging its expertise to navigate market fluctuations and provide top-tier services to its clients. With a positive outlook for 2024, the firm anticipates increased activity in M&A and new SPAC issuance, driven by improved access to credit markets and a recovering economic backdrop.
Cohen & Company Inc. (COHN) will announce its financial results for Q2 2022 on August 3, 2022. A conference call is scheduled for 10:00 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, managing approximately $2.2 billion in assets as of June 30, 2022. The company's services span capital markets, asset management, and principal investing, focusing on sectors like fintech and SPAC advisory.
Cohen & Company (NYSE American: COHN) reported a net loss of $7.6 million for Q1 2022, translating to a diluted loss per share of $5.46. This contrasts with a net income of $4.2 million in the previous quarter. Adjusted pre-tax loss was $18.6 million, significantly down from an adjusted pre-tax income of $6.4 million in Q4 2021. Total revenues were negative $0.7 million, a stark decline from $27.0 million in the prior quarter. The Board declared a quarterly dividend of $0.25 per share, payable on June 3, 2022, indicating continued commitment to shareholder returns amid challenging market conditions.
Cohen & Company reported a net loss of $7.6 million, or $5.46 per diluted share, for Q1 2022. This contrasts sharply with a net income of $4.2 million in Q4 2021 and $9.4 million in Q1 2021. Overall revenue was - $0.7 million, down from $27 million the previous quarter and $102.7 million last year, impacted by significant mark-to-market adjustments. Despite these challenges, the firm declared a quarterly dividend of $0.25 per share. The CEO expressed confidence in ongoing strategic initiatives amid current market volatility.
Cohen & Company (NYSE American: COHN) will announce its Q1 2022 financial results on May 5, 2022. A conference call to discuss these results is scheduled for 10:00 a.m. ET.
The call will be accessible via webcast on the Company’s website. Participants can join by calling (888) 428-7458 or (862) 298-0702 for international listeners. A replay will be available for three days following the call.
Cohen & Company Inc. (COHN) reported a fourth-quarter net income of $3.6 million or $2.13 per diluted share, a recovery from a net loss of $3.4 million in the prior quarter. Full-year net income totaled $11.3 million or $7.48 per diluted share. The company declared a regular quarterly dividend of $0.25 and a special dividend of $0.75, reflecting strong operating results. Adjusted pre-tax income for Q4 was $6.4 million or $1.23 per diluted share, showing significant recovery from a loss of $14.9 million in the previous quarter.
Cohen & Company Inc. (NYSE American: COHN) is set to release its financial results for the fourth quarter and full year 2021 on March 8, 2022. A conference call will follow at 10:00 a.m. ET to discuss these results, available via webcast on the company's homepage. Cohen & Company specializes in fixed income markets and SPAC markets, managing approximately $2.4 billion in assets as of December 31, 2021. The firm operates through segments including Capital Markets, Asset Management, and Principal Investing.
Cohen & Company reported a net loss of $3.4 million, or $(3.46) per diluted share, in Q3 2021, a significant decline from a net income of $1.7 million in Q2 2021. Total revenues dropped 34.5% year-over-year to $6.6 million, primarily due to a $20.7 million loss in principal transactions linked to significant mark-to-market adjustments. However, new issue and advisory revenue surged to $8.8 million, bolstered by the new investment banking platform. The Board declared a dividend of $0.25 per share, underscoring a commitment to shareholder returns.
Cohen & Company (NYSE American: COHN) will announce its third quarter 2021 financial results on November 2, 2021, with a conference call scheduled for 10:00 a.m. ET. The call can be accessed via webcast or through direct dial-in methods. As of September 30, 2021, the company managed approximately $2.2 billion in fixed income assets, with 55.7% in collateralized debt obligations. Founded in 1999, Cohen & Company specializes in fixed income and SPAC markets, operating through segments including Capital Markets and Asset Management.
Cohen & Company Inc. (NYSE American: COHN) reported a net income of $1.7 million, or $1.21 per diluted share for Q2 2021, down from $9.4 million in Q1 2021. Adjusted pre-tax income was $3.7 million, significantly lower than $37.6 million in the prior quarter. Revenues dropped to $10.1 million, a decrease of $92.6 million from Q1 and $14.1 million year-over-year, primarily due to a $90.6 million decline in principal transactions. The Company declared a quarterly cash dividend of $0.25 per share. Total equity increased to $126.4 million, up from $101.4 million at year-end.
Cohen & Company Inc. (NYSE American: COHN) is set to release its financial results for Q2 2021 on July 29, 2021. A conference call will be held at 10:00 a.m. ET to discuss these results, accessible via webcast. The firm specializes in fixed income and SPAC markets, managing around $2.1 billion in assets, primarily in fixed income. Notably, as of June 30, 2021, 60.3% of their assets under management were in collateralized debt obligations. The company's segments include Capital Markets, Asset Management, and Principal Investing.
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