Cowen Group (NASDAQ:COWN) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

Separately, Nomura lowered their target price on Cowen Group from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, October 31st.

Cowen Group (COWN) traded down $0.10 on Friday, hitting $13.65. The stock had a trading volume of 329,657 shares, compared to its average volume of 482,948. The stock has a market cap of $427.46, a PE ratio of 68.25 and a beta of 1.57. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.16. Cowen Group has a 52 week low of $12.45 and a 52 week high of $18.25.

Cowen Group (NASDAQ:COWN) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.11. The company 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 firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS.

A number of hedge funds have recently bought and sold shares of COWN. Russell Investments Group Ltd. bought a new position in Cowen Group during the 2nd quarter valued at approximately $1,649,000. Sei Investments Co. bought a new position in Cowen Group during the 2nd quarter valued at approximately $119,000. Victory Capital Management Inc. increased its position in Cowen Group by 12.9% during the 2nd quarter. Victory Capital Management Inc. now owns 102,400 shares of the financial services provider’s stock valued at $1,664,000 after buying an additional 11,695 shares in the last quarter. IndexIQ Advisors LLC bought a new position in Cowen Group during the 2nd quarter valued at approximately $515,000. Finally, Adirondack Research & Management Inc. increased its position in Cowen Group by 13.2% during the 2nd quarter. Adirondack Research & Management Inc. now owns 360,276 shares of the financial services provider’s stock valued at $5,854,000 after buying an additional 42,003 shares in the last quarter. 81.18% of the stock is owned by institutional investors.

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About Cowen Group

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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