Cowen Group Inc. (COWN) Stock Price Up 2.1%
Cowen Group Inc. (NASDAQ:COWN)’s share price rose 2.1% during mid-day trading on Monday . The company traded as high as $3.40 and last traded at $3.34, with a volume of 504,288 shares changing hands. The stock had previously closed at $3.27.
Separately, TheStreet lowered Cowen Group from a “buy” rating to a “hold” rating in a research note on Friday, June 3rd.
The stock’s 50-day moving average price is $3.15 and its 200 day moving average price is $3.33. The stock’s market capitalization is $364.42 million.
Cowen Group (NASDAQ:COWN) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.12. The business had revenue of $117.23 million for the quarter, compared to analysts’ expectations of $99.25 million. During the same period last year, the company posted $0.05 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts predict that Cowen Group Inc. will post ($0.13) earnings per share for the current year.
A hedge fund recently raised its stake in Cowen Group stock. Wells Fargo & Company MN raised its position in Cowen Group Inc. (NASDAQ:COWN) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,261,798 shares of the company’s stock after buying an additional 135,307 shares during the period. Wells Fargo & Company MN owned 3.06% of Cowen Group worth $12,493,000 at the end of the most recent reporting 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.