Cowen Group Inc. (COWN) Shares Down 4.9%
Cowen Group Inc. (NASDAQ:COWN)’s share price traded down 4.9% during trading on Tuesday . The company traded as low as $3.12 and last traded at $3.13, with a volume of 223,758 shares traded. The stock had previously closed at $3.29.
Separately, TheStreet downgraded shares of Cowen Group from a “buy” rating to a “hold” rating in a research note on Friday, June 3rd.
The company’s market cap is $332.46 million. The company has a 50-day moving average price of $3.10 and a 200 day moving average price of $3.31.
Cowen Group (NASDAQ:COWN) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.12. During the same quarter last year, the firm posted $0.05 earnings per share. The business had revenue of $117.23 million for the quarter, compared to analyst estimates of $99.25 million. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts anticipate that Cowen Group Inc. will post $0.15 earnings per share for the current fiscal year.
Other institutional investors have bought and sold shares of the company. 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 valued at $8,368,000 after buying an additional 24,705 shares in the last quarter. 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 valued at $8,958,000 after buying an additional 89,700 shares in the last quarter. 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 valued at $9,484,000 after buying an additional 78,500 shares in the last quarter. Finally, Wells Fargo & Company MN increased 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 valued at $12,493,000 after buying an additional 135,307 shares in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.