Cowen (COWN) Stock Rating Lowered by BidaskClub

Cowen (NASDAQ:COWN) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Separately, ValuEngine cut shares of Cowen from a “hold” rating to a “sell” rating in a research report on Friday, June 29th.

NASDAQ:COWN opened at $14.71 on Friday. Cowen has a 12 month low of $11.63 and a 12 month high of $17.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $435.55 million, a PE ratio of 7.58 and a beta of 1.17.



Cowen (NASDAQ:COWN) last posted its earnings results on Thursday, October 25th. The financial services provider reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Cowen had a negative net margin of 4.32% and a positive return on equity of 7.71%. The firm had revenue of $195.03 million during the quarter.

Large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Cowen by 167.5% in 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 during the period. United Services Automobile Association purchased a new stake in shares of Cowen in the 2nd quarter worth about $168,000. First Hawaiian Bank purchased a new stake in shares of Cowen in the 3rd quarter worth about $290,000. Sei Investments Co. lifted its position in shares of Cowen by 40.8% in 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 during the period. Finally, Macquarie Group Ltd. purchased a new stake in shares of Cowen in the 2nd quarter worth about $313,000. 88.60% of the stock is owned by hedge funds and other institutional investors.

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.

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