Cohen & Co Inc. · Security Brokers, Dealers & Flotation Companies

COHN

Moderate riskNext report: In 6 days (est.)

View price ↗

The short version

A profitable company with growing sales. Institutions are adding.

Going well

Sales up 16% in the latest quarter vs a year ago
Profitable
Sales up 246% last year

Watch out for

Share count growing 61.5% a year (dilution)

Money moves

No insider buying or selling in the last 30 days
Institutions added 37% to their holdings in the quarter ending June 2026 (13 bought, 4 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$9.40+2.2% that day

Company value: $30M; Share price times all shares
Price vs profit (P/E): 2.0x; You pay about $2 for each $1 of yearly profit
Price vs sales: 0.10x; Company value is 0.10 times a year of sales
Cash vs value: 132%; A big cushion: cash is a large part of what the company is worth
Debt vs value: 108%; Owes more than the whole company is worth

From COHN's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$69.5M+16% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $314.3M, up 126% from the 12 months before. Over 5 years, sales grew about 16% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of COHN. Starting points are the company's recent numbers.

Sales growth+16% a yearRecently: +16% a yearProfit margin6%Last 12 months: 5.6%P/E at the end8xToday: 2.0x. Many steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$660M

Profit in 5 years$40M

Price these guesses point to$60.94+548% vs $9.40 todayAbout +45% a year, before dividends

What today's price needs: with a 6% margin and a 8x P/E, sales could shrink about 20% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

PassReturn on equity 15%+Earns a lot on the money owners have in the business.31.1%
MissDebt under half of equityNot relying on borrowed money.0.64x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.5.2%
MissProfitable every yearSteady profits, not one good year.5 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$26.1M
MissShare count not growingNot diluting owners. Falling means buybacks.+321.3% in 3 years

Revenue: $275.6M; +246.2% vs prior year
5-year growth: +16.2%/yr; revenue, per year
Total debt: $32.9M; 0.64x equity
Free cash flow: $26.1M; 9.5% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 3

Revenue: $69.5M; +16.1% YoY
EPS: $0.94; vs $0.81
Op. margin: 17.9%; +5.4 pts
Free cash flow: $3.7M
Share count: +5.6%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.5
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+37.1%

Institutions added 37.1% to their holdings. 13 bought, 4 sold. 2 quarters of net buying in a row.

Shares held by institutions156K

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+21.1%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.5x · $28.8M debt

Shares outstandingLatest reported

Why moderate risk

Share count growing 21.1% a year (dilution)
1 offering filing in 6 months (may sell new shares)

Earnings reports

Last 12

Next reportIn 6 days (est.)Estimated from the same quarter last year

Results filedAug 3
Results filedMay 1
Results filedMar 6
Results filedNov 4, 2025
Results filedJul 31, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Shelf offering registrationMay 18 · View filing ↗Offering

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Major agreementAug 31 · Form 8-K ↗

SoldJoseph W. Jr. PoolerEVP, CFO and Treasurer

8,795 shares at $11.71 avg ($11.50 to $11.75) · $103K

-13% of holdings
Now owns 60,278 shares
Not a pre-planned sale
2 transactions
Filed 1 day after trade

Aug 6Form 4 ↗

Planned insider saleAug 6 · Form 144 ↗Planned insider saleAug 5 · Form 144 ↗Earnings resultsAug 3 · Form 8-K ↗Quarterly reportAug 3 · Form 10-Q ↗

GiftDaniel G CohenExecutive Chairman, Director, 10% owner

17,600 shares

+20% of holdings
Now owns 107,157 shares
Filed same day

Jul 17Form 4 ↗

BoughtCOLUMBUS CIRCLE 3 SPONSOR Corp LLC10% owner

265,000 shares at $10.00 · $2.6M

New position
Now owns 265,000 shares
Filed 3 days after trade
Joint filing with 2 others

Jul 10Form 4 ↗

Other company newsJul 10 · Form 8-K ↗New insiderJul 8 · Form 3 ↗Other company newsJun 30 · Form 8-K ↗Major agreementJun 22 · Form 8-K ↗Employee stock plan registrationJun 4 · Form S-8 ↗Shareholder vote resultsJun 3 · Form 8-K ↗EFFECTJun 2 · Form EFFECT ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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