Cowen Group (COWN) Upgraded to “Sell” at BidaskClub
BidaskClub upgraded shares of Cowen Group (NASDAQ:COWN) from a strong sell rating to a sell rating in a report published on Friday.
Separately, Nomura dropped their price objective on Cowen Group from $18.00 to $16.00 and set a neutral rating for the company in a report on Tuesday, October 31st.
Cowen Group (NASDAQ:COWN) traded down $0.25 on Friday, reaching $14.65. The company had a trading volume of 737,880 shares, compared to its average volume of 473,471. The company has a market cap of $463.21, a P/E ratio of 73.25 and a beta of 1.57. Cowen Group has a twelve month low of $12.45 and a twelve month high of $18.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.79 and a quick ratio of 0.79.
Cowen Group (NASDAQ:COWN) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.11. The firm had revenue of $182.60 million during the quarter, compared to analysts’ expectations of $181.96 million. Cowen Group had a return on equity of 1.54% and a net margin of 2.29%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 EPS.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. acquired a new position in Cowen Group in the 2nd quarter valued at $119,000. ETRADE Capital Management LLC acquired a new position in Cowen Group in the 2nd quarter valued at $166,000. Jane Street Group LLC acquired a new position in Cowen Group in the 3rd quarter valued at $196,000. Fox Run Management L.L.C. acquired a new position in Cowen Group in the 3rd quarter valued at $205,000. Finally, Voya Investment Management LLC raised its holdings in Cowen Group by 15.7% in the 2nd quarter. Voya Investment Management LLC now owns 13,335 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 1,806 shares in the last quarter. 81.18% of the stock is owned by hedge funds and other institutional investors.
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Cowen Group Company Profile
Cowen Inc, formerly Cowen Group, Inc, is a financial services company. The Company provides alternative investment management, investment banking, research, sales and trading, and prime brokerage services. It operates through two segments: alternative investment and broker-dealer. The alternative investment segment includes private equity structures, registered investment companies and listed investment vehicles.
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