Cowen Group Inc. (COWN) Trading 2.9% Higher
Cowen Group Inc. (NASDAQ:COWN) traded up 2.9% on Monday . The company traded as high as $3.50 and last traded at $3.50, with a volume of 270,666 shares traded. The stock had previously closed at $3.40.
Separately, TheStreet lowered Cowen Group from a “buy” rating to a “hold” rating in a research report on Friday, June 3rd.
The firm has a 50 day moving average price of $3.19 and a 200 day moving average price of $3.35. The stock’s market cap is $376.15 million.
Cowen Group (NASDAQ:COWN) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.12. The company earned $117.23 million during the quarter, compared to analyst estimates of $99.25 million. During the same quarter last year, the firm posted $0.05 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. Equities research analysts forecast that Cowen Group Inc. will post ($0.13) earnings per share for the current fiscal year.
An institutional investor recently raised its position in Cowen Group stock. Wells Fargo & Company MN increased its stake in Cowen Group Inc. (NASDAQ:COWN) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 approximately 3.06% of Cowen Group worth $12,493,000 as of its most recent SEC filing.
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.