Goldman Sachs Group Inc. Boosts Position in Cowen Group, Inc. (COWN)

Goldman Sachs Group Inc. grew its position in Cowen Group, Inc. (NASDAQ:COWN) by 626.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,606 shares of the financial services provider’s stock after purchasing an additional 97,963 shares during the quarter. Goldman Sachs Group Inc. owned about 0.37% of Cowen Group worth $1,846,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COWN. Fosun International Ltd grew its holdings in Cowen Group by 182.9% in the second quarter. Fosun International Ltd now owns 1,145,187 shares of the financial services provider’s stock worth $18,609,000 after purchasing an additional 740,450 shares during the last quarter. FMR LLC grew its holdings in Cowen Group by 35.4% in the second quarter. FMR LLC now owns 2,317,324 shares of the financial services provider’s stock worth $37,657,000 after purchasing an additional 605,935 shares during the last quarter. Salzhauer Michael purchased a new position in Cowen Group in the second quarter worth $5,433,000. Foundry Partners LLC purchased a new position in Cowen Group in the second quarter worth $5,407,000. Finally, Monarch Partners Asset Management LLC grew its holdings in Cowen Group by 760.7% in the second quarter. Monarch Partners Asset Management LLC now owns 246,342 shares of the financial services provider’s stock worth $4,003,000 after purchasing an additional 217,720 shares during the last quarter. 82.42% of the stock is currently owned by institutional investors and hedge funds.

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Cowen Group, Inc. (NASDAQ:COWN) remained flat at $$14.05 during trading hours on Friday. The company’s stock had a trading volume of 149,096 shares, compared to its average volume of 324,749. Cowen Group, Inc. has a one year low of $12.45 and a one year high of $18.25. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $435.23, a price-to-earnings ratio of 38.89 and a beta of 1.61.

Cowen Group (NASDAQ:COWN) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.11. Cowen Group had a net margin of 2.29% and a return on equity of 1.54%. The business had revenue of $182.60 million during the quarter, compared to the consensus estimate of $181.96 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year.

Several equities analysts have issued reports on the stock. BidaskClub lowered shares of Cowen Group from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Nomura lifted their price objective on shares of Cowen Group from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, August 10th. Finally, Instinet reiterated a “neutral” rating and set a $18.00 price objective (up from $17.00) on shares of Cowen Group in a research note on Friday, August 11th.

Cowen Group Profile

Cowen Inc, formerly 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 private equity structures, registered investment companies and listed investment vehicles.

Institutional Ownership by Quarter for Cowen Group (NASDAQ:COWN)

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