Institutional Financial Markets (IFMI) 1.98 $IFMI
IFMI to Sell European Operations for Approximately $8.7 Million, Plus Continuing Rights to Substantially All Revenue From Munda CLO I
GlobeNewswire - Wed Aug 20, 7:01AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) ("IFMI"
, a financial services company specializing in credit‐related fixed income investments, today announced that it has reached a definitive agreement to sell its European operations to C&Co Europe Acquisition LLC, an entity controlled by Daniel G. Cohen, President and Chief Executive of IFMI's European operations and Vice Chairman of IFMI's Board of Directors, for approximately $8.7 million. The purchase price consists of an upfront payment at closing of $4.75 million and up to $3.95 million to be paid over the four years following the closing of the sale. The transaction was unanimously approved by IFMI's Board of Directors (with Mr. Cohen abstaining) following the recommendation of the Special Committee, which is comprised of three disinterested directors.
IFMI Sets Release Date for Second Quarter 2014 Financial Results
GlobeNewswire - Mon Jul 28, 3:53PM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) will release its financial results for the second quarter 2014 on Thursday, July 31, 2014. The Company will make available a pre-recorded call discussing its second quarter financial results at 10:00 a.m. Eastern Time (ET) that morning.
IFMI Announces 2014 Annual Meeting Date
GlobeNewswire - Mon Mar 24, 3:15PM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) ("IFMI" , a financial services firm specializing in credit-related fixed income investments, today announced that its 2014 Annual Meeting of Stockholders (the "Annual Meeting" will be held on Tuesday, June 10, 2014, at 10:00 a.m., local time, at the offices of Duane Morris LLP, at 1540 Broadway, New York, New York 10036. Stockholders of record at the close of business on April 14, 2014 will be entitled to notice of, and to vote at, the Annual Meeting.
IFMI Reports Fourth Quarter and Full Year 2013 Financial Results
GlobeNewswire - Tue Mar 04, 7:05AM CST
Institutional Financial Markets, Inc. (NYSE MKT:IFMI), a financial services firm specializing in credit-related fixed income investments, today reported financial results for its fourth quarter and year ended December 31, 2013.
IFMI Sets Release Date for Fourth Quarter and Full Year 2013 Financial Results
GlobeNewswire - Fri Feb 28, 3:10PM CST
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) will release its financial results for the fourth quarter and full year 2013 on Tuesday, March 4, 2014. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that morning to discuss these results.
Umpqua Holdings Corporation and Sterling Financial Corporation Shareholders Overwhelmingly Approve Merger
Business Wire - Wed Feb 26, 7:01AM CST
Umpqua Holdings Corporation (NASDAQ: UMPQ) and Sterling Financial Corporation (NASDAQ: STSA) are pleased to announce that their respective shareholders have voted overwhelmingly to approve the companies' Agreement and Plan of Merger, previously announced on September 11, 2013. Umpqua's shareholders also approved an amendment to Umpqua's articles of incorporation, effective at the closing of the merger, increasing the number of authorized shares of common stock to 400,000,000.
IFMI Completes Consolidation of Broker-Dealer Subsidiaries
Business Wire - Mon Feb 03, 8:26AM CST
--Announces Expansion of JVB Financial High Yield and Distressed Trading Group
IFMI Appoints Lester Brafman Chief Executive Officer
GlobeNewswire - Tue Sep 17, 8:28AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) ("IFMI" , a financial services firm specializing in credit-related fixed income investments, today announced that it has appointed Lester Brafman as Chief Executive Officer, effective immediately. Mr. Brafman, who has served as President of IFMI since June 2013, succeeds Daniel G. Cohen. Mr. Cohen will transition from Chief Executive Officer and Chief Investment Officer of IFMI to President and Chief Executive of IFMI's European operations, where he will continue to focus on growing the Company's European capital markets and asset management operations. Until the closing of IFMI's announced transaction with Mead Park Capital Partners LLC, and Cohen Bros. Financial, LLC, Mr. Cohen will continue to serve as Chairman of IFMI.
IFMI Reports Second Quarter 2013 Financial Results
GlobeNewswire - Tue Aug 06, 7:00AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI), a financial services firm specializing in credit-related fixed income investments, today reported financial results for the quarter ended June 30, 2013.
IFMI Postpones 2013 Annual Meeting
GlobeNewswire - Wed Jul 10, 3:45PM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) ("IFMI" , a financial services firm specializing in credit-related fixed income investments, today announced that its 2013 Annual Meeting of Stockholders (the "Annual Meeting" originally scheduled for Thursday, July 25, 2013, has been postponed until further notice as a result of requiring additional time to revise its proxy materials to respond to comments received from the Securities and Exchange Commission ("SEC" in connection with a routine review of the proxy materials. The Annual Meeting will be rescheduled as soon as reasonably practicable following clearance by the SEC of the revised proxy materials. Stockholders will be notified via press release and electronic or regular mail when a definitive date has been set for the rescheduled Annual Meeting.
IFMI Appoints Lester Brafman President
GlobeNewswire - Mon Jun 03, 3:09PM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) ("IFMI" , a financial services firm specializing in credit-related fixed income investments, today announced that it has appointed Lester Brafman as President, effective immediately.
Market Maker Surveillance Report. TRMD, SRT, DRRX, PTIE, IFMI, LPDX, Losing Stocks With Lowest Price Friction For Friday, May 10th 2013
M2 - Mon May 13, 3:20AM CDT
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Friday there were 3761 companies with "abnormal" market making, 3211 companies with positive Friction Factors and 2125 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Friday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Torm A/S (NASDAQ:TRMD), StarTek Inc (NYSE:SRT), Durect Corp (NASDAQ
RRX), Pain Therapeutics Inc (NASDAQ
TIE), Institutional Financial Markets Inc (OTC:IFMI), (NASDAQ:LPDX). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visi
IFMI Reports First Quarter 2013 Financial Results
GlobeNewswire - Fri May 10, 7:13AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI), a financial services firm specializing in credit-related fixed income investments, today reported financial results for the quarter ended March 31, 2013.
IFMI Adopts Stockholder Rights Plan
GlobeNewswire - Fri May 10, 7:13AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI), a financial services firm specializing in credit-related fixed income investments, today announced that its Board of Directors has approved the adoption of a stockholder rights plan (the "Rights Plan" to help preserve the value of the Company's deferred tax assets, by reducing the risk of limitation of net operating loss and net capital loss carry forwards and certain other tax benefits under Section 382 of the Internal Revenue Code. The Company intends to seek stockholder approval of the Rights Plan at its next annual meeting. The terms of the Rights Plan are substantially the same as those of the Company's prior stockholder rights plan, which expired in December 2012.
IFMI Announces $13.7 Million Strategic Investment by Mead Park Capital Partners LLC and Cohen Bros. Financial, LLC
GlobeNewswire - Fri May 10, 7:13AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) ("IFMI" , a financial services firm specializing in credit-related fixed income investments, today announced that it has entered into definitive agreements with Mead Park Capital Partners LLC ("Mead Park Capital" and Cohen Bros. Financial, LLC ("Cohen Bros. Financial" , pursuant to which each will make investments in the Company, totaling $13.7 million in the aggregate. Mead Park Capital is a vehicle advised by Mead Park Advisors LLC, a registered investment adviser and a subsidiary of Mead Park Holdings LP ("Mead Park" , and controlled by Jack J. DiMaio, CEO and founder of Mead Park, and Christopher Ricciardi, a partner in Mead Park and former President of IFMI. Cohen Bros. Financial is a limited liability company that is wholly-owned by Daniel G. Cohen, IFMI's Chairman and Chief Executive Officer. The investment and related actions were unanimously approved by the Company's Board of Directors (with Mr. Cohen abstaining) following the recommendation of
IFMI Sets Release Date for First Quarter 2013 Financial Results
GlobeNewswire - Thu May 09, 8:13AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) will release its financial results for the first quarter 2013 on Friday, May 10, 2013. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that morning to discuss these results.
Market Maker Surveillance Report. ANIK, CHLN, IFMI, RNIN, LNCYF, HGSH, Winning Stocks With Lowest Price Friction For Thursday, February 28th 2013
M2 - Fri Mar 01, 3:03AM CST
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Thursday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Thursday there were 4005 companies with "abnormal" market making, 2641 companies with positive Friction Factors and 2798 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Thursday and low price friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. Anika Therapeutics Inc (NASDAQ:ANIK), China Housing & Land Development Inc (NASDAQ:CHLN), Institutional Financial Markets Inc (OTC:IFMI), Wireless Ronin Technologies Inc (NASDAQ:RNIN), LINC ENERGY LTD (OTC:LNCYF), China Hgs Real Estate Inc (NASDAQ:HGSH). To access Fr
IFMI to Sell European Operations for Approximately $8.7 Million, Plus Continuing Rights to Substantially All Revenue From Munda CLO I
GlobeNewswire - Wed Aug 20, 7:01AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) ("IFMI"
, a financial services company specializing in credit‐related fixed income investments, today announced that it has reached a definitive agreement to sell its European operations to C&Co Europe Acquisition LLC, an entity controlled by Daniel G. Cohen, President and Chief Executive of IFMI's European operations and Vice Chairman of IFMI's Board of Directors, for approximately $8.7 million. The purchase price consists of an upfront payment at closing of $4.75 million and up to $3.95 million to be paid over the four years following the closing of the sale. The transaction was unanimously approved by IFMI's Board of Directors (with Mr. Cohen abstaining) following the recommendation of the Special Committee, which is comprised of three disinterested directors. IFMI Sets Release Date for Second Quarter 2014 Financial Results
GlobeNewswire - Mon Jul 28, 3:53PM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) will release its financial results for the second quarter 2014 on Thursday, July 31, 2014. The Company will make available a pre-recorded call discussing its second quarter financial results at 10:00 a.m. Eastern Time (ET) that morning.
IFMI Announces 2014 Annual Meeting Date
GlobeNewswire - Mon Mar 24, 3:15PM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) ("IFMI"
, a financial services firm specializing in credit-related fixed income investments, today announced that its 2014 Annual Meeting of Stockholders (the "Annual Meeting" will be held on Tuesday, June 10, 2014, at 10:00 a.m., local time, at the offices of Duane Morris LLP, at 1540 Broadway, New York, New York 10036. Stockholders of record at the close of business on April 14, 2014 will be entitled to notice of, and to vote at, the Annual Meeting. IFMI Reports Fourth Quarter and Full Year 2013 Financial Results
GlobeNewswire - Tue Mar 04, 7:05AM CST
Institutional Financial Markets, Inc. (NYSE MKT:IFMI), a financial services firm specializing in credit-related fixed income investments, today reported financial results for its fourth quarter and year ended December 31, 2013.
IFMI Sets Release Date for Fourth Quarter and Full Year 2013 Financial Results
GlobeNewswire - Fri Feb 28, 3:10PM CST
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) will release its financial results for the fourth quarter and full year 2013 on Tuesday, March 4, 2014. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that morning to discuss these results.
Umpqua Holdings Corporation and Sterling Financial Corporation Shareholders Overwhelmingly Approve Merger
Business Wire - Wed Feb 26, 7:01AM CST
Umpqua Holdings Corporation (NASDAQ: UMPQ) and Sterling Financial Corporation (NASDAQ: STSA) are pleased to announce that their respective shareholders have voted overwhelmingly to approve the companies' Agreement and Plan of Merger, previously announced on September 11, 2013. Umpqua's shareholders also approved an amendment to Umpqua's articles of incorporation, effective at the closing of the merger, increasing the number of authorized shares of common stock to 400,000,000.
IFMI Completes Consolidation of Broker-Dealer Subsidiaries
Business Wire - Mon Feb 03, 8:26AM CST
--Announces Expansion of JVB Financial High Yield and Distressed Trading Group
IFMI Appoints Lester Brafman Chief Executive Officer
GlobeNewswire - Tue Sep 17, 8:28AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) ("IFMI"
, a financial services firm specializing in credit-related fixed income investments, today announced that it has appointed Lester Brafman as Chief Executive Officer, effective immediately. Mr. Brafman, who has served as President of IFMI since June 2013, succeeds Daniel G. Cohen. Mr. Cohen will transition from Chief Executive Officer and Chief Investment Officer of IFMI to President and Chief Executive of IFMI's European operations, where he will continue to focus on growing the Company's European capital markets and asset management operations. Until the closing of IFMI's announced transaction with Mead Park Capital Partners LLC, and Cohen Bros. Financial, LLC, Mr. Cohen will continue to serve as Chairman of IFMI. IFMI Reports Second Quarter 2013 Financial Results
GlobeNewswire - Tue Aug 06, 7:00AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI), a financial services firm specializing in credit-related fixed income investments, today reported financial results for the quarter ended June 30, 2013.
IFMI Postpones 2013 Annual Meeting
GlobeNewswire - Wed Jul 10, 3:45PM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) ("IFMI"
, a financial services firm specializing in credit-related fixed income investments, today announced that its 2013 Annual Meeting of Stockholders (the "Annual Meeting" originally scheduled for Thursday, July 25, 2013, has been postponed until further notice as a result of requiring additional time to revise its proxy materials to respond to comments received from the Securities and Exchange Commission ("SEC" in connection with a routine review of the proxy materials. The Annual Meeting will be rescheduled as soon as reasonably practicable following clearance by the SEC of the revised proxy materials. Stockholders will be notified via press release and electronic or regular mail when a definitive date has been set for the rescheduled Annual Meeting. IFMI Appoints Lester Brafman President
GlobeNewswire - Mon Jun 03, 3:09PM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) ("IFMI"
, a financial services firm specializing in credit-related fixed income investments, today announced that it has appointed Lester Brafman as President, effective immediately. Market Maker Surveillance Report. TRMD, SRT, DRRX, PTIE, IFMI, LPDX, Losing Stocks With Lowest Price Friction For Friday, May 10th 2013
M2 - Mon May 13, 3:20AM CDT
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Friday there were 3761 companies with "abnormal" market making, 3211 companies with positive Friction Factors and 2125 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Friday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Torm A/S (NASDAQ:TRMD), StarTek Inc (NYSE:SRT), Durect Corp (NASDAQ
RRX), Pain Therapeutics Inc (NASDAQ TIE), Institutional Financial Markets Inc (OTC:IFMI), (NASDAQ:LPDX). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visi IFMI Reports First Quarter 2013 Financial Results
GlobeNewswire - Fri May 10, 7:13AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI), a financial services firm specializing in credit-related fixed income investments, today reported financial results for the quarter ended March 31, 2013.
IFMI Adopts Stockholder Rights Plan
GlobeNewswire - Fri May 10, 7:13AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI), a financial services firm specializing in credit-related fixed income investments, today announced that its Board of Directors has approved the adoption of a stockholder rights plan (the "Rights Plan"
to help preserve the value of the Company's deferred tax assets, by reducing the risk of limitation of net operating loss and net capital loss carry forwards and certain other tax benefits under Section 382 of the Internal Revenue Code. The Company intends to seek stockholder approval of the Rights Plan at its next annual meeting. The terms of the Rights Plan are substantially the same as those of the Company's prior stockholder rights plan, which expired in December 2012. IFMI Announces $13.7 Million Strategic Investment by Mead Park Capital Partners LLC and Cohen Bros. Financial, LLC
GlobeNewswire - Fri May 10, 7:13AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) ("IFMI"
, a financial services firm specializing in credit-related fixed income investments, today announced that it has entered into definitive agreements with Mead Park Capital Partners LLC ("Mead Park Capital" and Cohen Bros. Financial, LLC ("Cohen Bros. Financial" , pursuant to which each will make investments in the Company, totaling $13.7 million in the aggregate. Mead Park Capital is a vehicle advised by Mead Park Advisors LLC, a registered investment adviser and a subsidiary of Mead Park Holdings LP ("Mead Park" , and controlled by Jack J. DiMaio, CEO and founder of Mead Park, and Christopher Ricciardi, a partner in Mead Park and former President of IFMI. Cohen Bros. Financial is a limited liability company that is wholly-owned by Daniel G. Cohen, IFMI's Chairman and Chief Executive Officer. The investment and related actions were unanimously approved by the Company's Board of Directors (with Mr. Cohen abstaining) following the recommendation of IFMI Sets Release Date for First Quarter 2013 Financial Results
GlobeNewswire - Thu May 09, 8:13AM CDT
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) will release its financial results for the first quarter 2013 on Friday, May 10, 2013. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that morning to discuss these results.
Market Maker Surveillance Report. ANIK, CHLN, IFMI, RNIN, LNCYF, HGSH, Winning Stocks With Lowest Price Friction For Thursday, February 28th 2013
M2 - Fri Mar 01, 3:03AM CST
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Thursday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Thursday there were 4005 companies with "abnormal" market making, 2641 companies with positive Friction Factors and 2798 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Thursday and low price friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. Anika Therapeutics Inc (NASDAQ:ANIK), China Housing & Land Development Inc (NASDAQ:CHLN), Institutional Financial Markets Inc (OTC:IFMI), Wireless Ronin Technologies Inc (NASDAQ:RNIN), LINC ENERGY LTD (OTC:LNCYF), China Hgs Real Estate Inc (NASDAQ:HGSH). To access Fr
