Cowen Inc (NASDAQ:COWN) Director Brett H. Barth purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, November 21st. The shares were acquired at an average price of $15.33 per share, with a total value of $153,300.00. Following the transaction, the director now owns 22,332 shares in the company, valued at approximately $342,349.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of COWN traded up $0.21 during trading hours on Monday, reaching $16.12. 440,600 shares of the company’s stock traded hands, compared to its average volume of 346,339. The company has a market cap of $463.63 million, a PE ratio of 8.20 and a beta of 1.11. The company has a current ratio of 0.88, a quick 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 issued its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. The firm had revenue of $195.03 million during the quarter. Cowen had a positive return on equity of 7.61% and a negative net margin of 4.32%.
Separately, BidaskClub downgraded Cowen from a “hold” rating to a “sell” rating in a research report on Saturday, November 17th.
Several institutional investors and hedge funds have recently modified their holdings of the company. Philadelphia Financial Management of San Francisco LLC lifted its position in Cowen by 89.9% in the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,875,660 shares of the financial services provider’s stock worth $30,573,000 after buying an additional 888,043 shares during the last quarter. Millennium Management LLC lifted its position in Cowen by 191.6% in the 2nd quarter. Millennium Management LLC now owns 1,198,319 shares of the financial services provider’s stock worth $16,597,000 after buying an additional 787,359 shares during the last quarter. FMR LLC lifted its position in Cowen by 19.2% in the 3rd quarter. FMR LLC now owns 2,430,956 shares of the financial services provider’s stock worth $39,624,000 after buying an additional 390,926 shares during the last quarter. BlackRock Inc. lifted its position in Cowen by 9.9% in the 2nd quarter. BlackRock Inc. now owns 2,284,242 shares of the financial services provider’s stock worth $31,637,000 after buying an additional 206,212 shares during the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in Cowen in the 3rd quarter worth approximately $2,937,000. Hedge funds and other institutional investors own 92.16% of the company’s stock.
Cowen Company Profile
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.
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