28,171 Shares in Cowen Inc (NASDAQ:COWN) Purchased by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. acquired a new position in shares of Cowen Inc (NASDAQ:COWN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 28,171 shares of the financial services provider’s stock, valued at approximately $484,000. UBS Asset Management Americas Inc. owned about 0.10% of Cowen as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Cowen by 1.8% during the 2nd quarter. BlackRock Inc. now owns 2,235,738 shares of the financial services provider’s stock worth $38,433,000 after acquiring an additional 39,611 shares during the last quarter. Vanguard Group Inc. raised its position in Cowen by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,505,004 shares of the financial services provider’s stock worth $25,871,000 after purchasing an additional 44,819 shares during the period. Russell Investments Group Ltd. raised its position in Cowen by 286.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,352,657 shares of the financial services provider’s stock worth $23,248,000 after purchasing an additional 1,002,202 shares during the period. D. E. Shaw & Co. Inc. raised its position in Cowen by 34.1% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,001,408 shares of the financial services provider’s stock worth $17,215,000 after purchasing an additional 254,898 shares during the period. Finally, Monarch Partners Asset Management LLC raised its position in Cowen by 26.4% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 593,513 shares of the financial services provider’s stock worth $10,202,000 after purchasing an additional 124,125 shares during the period. 96.86% of the stock is owned by institutional investors.

A number of equities analysts recently commented on the stock. Buckingham Research assumed coverage on shares of Cowen in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $20.00 target price on the stock. Zacks Investment Research cut shares of Cowen from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, BidaskClub upgraded shares of Cowen from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 26th.

NASDAQ:COWN traded down $0.13 during trading hours on Friday, reaching $15.04. The company’s stock had a trading volume of 154,000 shares, compared to its average volume of 276,436. The firm has a 50-day simple moving average of $14.80 and a 200-day simple moving average of $15.92. The firm has a market capitalization of $454.56 million, a price-to-earnings ratio of 5.72 and a beta of 1.47. Cowen Inc has a 1 year low of $11.80 and a 1 year high of $18.36. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.89 and a current ratio of 0.89.

Cowen (NASDAQ:COWN) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $252.00 million for the quarter, compared to the consensus estimate of $212.72 million. Cowen had a net margin of 2.52% and a return on equity of 7.03%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Equities analysts anticipate that Cowen Inc will post 2.67 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Cowen (NASDAQ:COWN)

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