Cowen Group (COWN) Director Peter A. Cohen Sells 8,000 Shares of Stock

Cowen Group (NASDAQ:COWN) Director Peter A. Cohen sold 8,000 shares of Cowen Group stock in a transaction dated Monday, April 23rd. The stock was sold at an average price of $15.13, for a total transaction of $121,040.00. Following the transaction, the director now directly owns 825,377 shares in the company, valued at $12,487,954.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Cowen Group stock opened at $15.10 on Thursday. The company has a market capitalization of $449.23, a PE ratio of 28.24 and a beta of 1.27. Cowen Group has a 1 year low of $11.63 and a 1 year high of $18.25. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.80.

How to Become a New Pot Stock Millionaire

Cowen Group (NASDAQ:COWN) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.69). The company had revenue of $204.50 million during the quarter, compared to analysts’ expectations of $178.98 million. Cowen Group had a negative net margin of 9.24% and a positive return on equity of 1.99%. Cowen Group’s revenue was up 67.2% on a year-over-year basis. During the same period last year, the firm posted ($0.48) earnings per share.



Cowen Group announced that its board has initiated a share repurchase plan on Thursday, February 15th that authorizes the company to repurchase $23.60 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

COWN has been the topic of a number of analyst reports. BidaskClub raised shares of Cowen Group from a “sell” rating to a “hold” rating in a research note on Saturday, April 7th. Nomura raised shares of Cowen Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $13.00 to $16.00 in a research note on Friday, February 16th.

Institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its stake in shares of Cowen Group by 28.7% in the 4th quarter. California Public Employees Retirement System now owns 78,601 shares of the financial services provider’s stock valued at $1,073,000 after acquiring an additional 17,534 shares during the period. Wells Fargo & Company MN raised its stake in shares of Cowen Group by 12.6% in the 3rd quarter. Wells Fargo & Company MN now owns 568,197 shares of the financial services provider’s stock valued at $10,114,000 after acquiring an additional 63,584 shares during the period. Monarch Partners Asset Management LLC raised its stake in shares of Cowen Group by 3.2% in the 4th quarter. Monarch Partners Asset Management LLC now owns 233,822 shares of the financial services provider’s stock valued at $3,192,000 after acquiring an additional 7,340 shares during the period. Garnet Equity Capital Holdings Inc. purchased a new stake in shares of Cowen Group in the 4th quarter valued at approximately $4,095,000. Finally, Glacier Peak Capital LLC grew its holdings in shares of Cowen Group by 8.9% in the fourth quarter. Glacier Peak Capital LLC now owns 112,073 shares of the financial services provider’s stock valued at $1,995,000 after purchasing an additional 9,118 shares in the last quarter. 85.85% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Cowen Group (COWN) Director Peter A. Cohen Sells 8,000 Shares of Stock” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://stocknewstimes.com/2018/04/26/cowen-group-cown-director-peter-a-cohen-sells-8000-shares-of-stock.html.

About Cowen Group

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.

Insider Buying and Selling by Quarter for Cowen Group (NASDAQ:COWN)

Receive News & Ratings for Cowen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cowen Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply