Cowen Group Inc. (NASDAQ:COWN) shares were down 1.5% on Monday . The company traded as low as $3.35 and last traded at $3.37, with a volume of 469,111 shares traded. The stock had previously closed at $3.42.

A number of research analysts have weighed in on COWN shares. TheStreet upgraded shares of Cowen Group from a “hold” rating to a “buy” rating in a research report on Monday, April 18th. Nomura Holdings Inc. cut their target price on shares of Cowen Group from $4.60 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, March 16th.

The company has a market capitalization of $347.36 million and a price-to-earnings ratio of 21.23. The company has a 50 day moving average price of $3.24 and a 200-day moving average price of $3.35.

Cowen Group (NASDAQ:COWN) last posted its earnings results on Thursday, April 28th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.08. The company had revenue of $101 million for the quarter, compared to analysts’ expectations of $101.25 million. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. Equities analysts forecast that Cowen Group Inc. will post $0.14 EPS for the current fiscal year.

Several hedge funds and institutional investors recently bought and sold shares of COWN. Systematic Financial Management LP increased 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 period. Glacier Peak Capital LLC bought a new position in Cowen Group during the fourth quarter worth approximately $1,267,000. Royce & Associates LLC increased 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 period. New York State Common Retirement Fund increased its position in Cowen Group by 4.0% in the fourth quarter. New York State Common Retirement Fund now owns 2,338,844 shares of the company’s stock worth $8,958,000 after buying an additional 89,700 shares during the period. Finally, Garnet Equity Capital Holdings Inc. increased 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 period.

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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