Thompson Siegel & Walmsley LLC trimmed its holdings in shares of Cowen Inc (NASDAQ:COWN) by 47.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 179,276 shares of the financial services provider’s stock after selling 159,316 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.62% of Cowen worth $2,922,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Cowen by 3.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 140,656 shares of the financial services provider’s stock worth $1,949,000 after acquiring an additional 4,834 shares during the period. Sei Investments Co. increased its position in shares of Cowen by 40.8% during the 2nd quarter. Sei Investments Co. now owns 19,320 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 5,594 shares in the last quarter. Royal Bank of Canada increased its position in shares of Cowen by 167.5% during the 1st quarter. Royal Bank of Canada now owns 11,689 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 7,319 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Cowen by 3.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 261,175 shares of the financial services provider’s stock worth $3,621,000 after purchasing an additional 8,533 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Cowen during the 2nd quarter worth about $168,000. 92.16% of the stock is owned by institutional investors.

Separately, BidaskClub cut shares of Cowen from a “hold” rating to a “sell” rating in a research report on Saturday.

Shares of Cowen stock opened at $15.02 on Monday. The stock has a market cap of $437.69 million, a P/E ratio of 7.74 and a beta of 1.11. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. Cowen Inc has a 12-month low of $11.63 and a 12-month high of $17.99.

Cowen (NASDAQ:COWN) last announced its earnings results on Thursday, October 25th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $195.03 million during the quarter. Cowen had a negative net margin of 4.32% and a positive return on equity of 7.61%.

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About Cowen

Cowen Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides alternative investment management, investment banking, research, and sales and trading services for its clients. It manages separate client focused portfolio through its subsidiaries. Through its subsidiaries, the firm invests in equity and fixed income markets.

Further Reading: Capital gains and your 401(k) or IRA

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Institutional Ownership by Quarter for Cowen (NASDAQ:COWN)

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