Cowen Group Inc. (COWN) Trading Up 2.7%
Shares of Cowen Group Inc. (NASDAQ:COWN) were up 2.7% during mid-day trading on Thursday . The stock traded as high as $3.08 and last traded at $3.07, with a volume of 380,316 shares. The stock had previously closed at $2.99.
Several analysts recently issued reports on COWN shares. Nomura Holdings Inc. cut their price target on Cowen Group from $4.60 to $4.00 and set a “neutral” rating on the stock in a report on Wednesday, March 16th. TheStreet raised Cowen Group from a “hold” rating to a “buy” rating in a report on Monday, April 18th.
The firm has a market cap of $361.08 million and a PE ratio of 22.06. The company’s 50 day moving average is $3.24 and its 200-day moving average is $3.36.
Cowen Group (NASDAQ:COWN) last posted its quarterly earnings data on Thursday, April 28th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.08. The firm earned $101 million during the quarter, compared to analyst estimates of $101.25 million. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, equities analysts anticipate that Cowen Group Inc. will post $0.14 earnings per share for the current year.
Several institutional investors have bought and sold shares of COWN. Systematic Financial Management LP raised its position in Cowen Group by 1.1% in the fourth quarter. Systematic Financial Management LP now owns 2,185,087 shares of the company’s stock worth $8,368,000 after buying an additional 24,705 shares during the last quarter. Garnet Equity Capital Holdings Inc. raised its position in Cowen Group by 9.9% in the fourth quarter. Garnet Equity Capital Holdings Inc. now owns 1,000,000 shares of the company’s stock worth $3,830,000 after buying an additional 89,900 shares during the last quarter. Royce & Associates LLC raised its position in Cowen Group by 3.3% in the fourth quarter. Royce & Associates LLC now owns 2,476,310 shares of the company’s stock worth $9,484,000 after buying an additional 78,500 shares during the last quarter. Wells Fargo & Company MN raised its position in Cowen Group by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,261,798 shares of the company’s stock worth $12,493,000 after buying an additional 135,307 shares during the last quarter. Finally, Glacier Peak Capital LLC acquired a new position in Cowen Group during the fourth quarter worth approximately $1,267,000.
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 hedge funds, private equity structures, registered investment companies and listed investment vehicles.
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