Cohen & Company Inc (COHN)

Cohen & Co., Inc. announced a special cash dividend of $2.00 per share on December 22, 2025, with an ex-dividend date of January 7, 2026. The company reported Q3 2025 revenue of $84.2 million and adjusted pretax income of $16.4 million, with a 26% increase in trading revenue. Financial results for Q2 2025 were released on July 31, 2025, and Q1 2025 results were reported on May 1, 2025, with GAAP EPS of $0.19 and revenue of $28.74 million. On January 12, 2026, Cohen & Company announced the opening of a new Houston office to expand its energy and energy transition advisory services. The share price increased by 56.10% from December 24, 2024, to December 23, 2025, and saw a surge of nearly 14% following its Q3 2025 earnings report.

Cohen & Co.'s financial services are indirectly influenced by cyclical and seasonal patterns in the financial markets. Increased market activity during certain periods might lead to higher trading volumes or more opportunities for new issue placements and advisory mandates. The company's focus on SPACs and digital assets places it in sectors that can experience periods of heightened interest and activity.

Cohen & Co., Inc. is a financial services company specializing in capital markets and asset management, serving institutional clients internationally. It operates in the Financials sector, focusing on Capital Markets and Financial - Miscellaneous Services industries. The company's business is structured around three segments: Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment focuses on fixed income sales and trading, gestation repo financing, new issue placements, underwriting, and advisory services. The Asset Management segment manages assets via CDOs, CLOs, managed accounts, joint ventures, and investment funds, with approximately $1.4 billion in assets under management as of September 30, 2025. The Principal Investing segment comprises investments related to its SPAC franchise and other investments made for earning an investment return.

Cohen & Co., Inc. has main offices in Philadelphia, New York, Boca Raton, Menlo Park, and Paris. The company operates in the United States and Europe through its subsidiaries Cohen & Company Securities, LLC in the U.S. and Cohen & Company Financial (Europe) S.A. in Europe. Its asset management activities involve debt issued by European, U.S., and Bermudian insurance companies.

Cohen & Co. was named "Best Auditor for Emerging Managers" in the 2025 HFM U.S. Services Awards and "Audit Firm of the Year for Start-Ups" in the 2025 Hedgeweek U.S. Awards. The company has been actively expanding its capabilities, including opening a new Houston office and demonstrating strong performance in SPAC and crypto markets.

Cohen & Co., Inc. has a mix of institutional and individual ownership. As of December 23, 2025, 21 institutional owners held 78,773 shares, with major holders including BlackRock, Inc., Renaissance Technologies Llc, and Vanguard Group Inc. Daniel G. Cohen is the largest individual shareholder, owning 12.19 million shares, representing 598.99% of the company.