Cowen Group Inc. (NASDAQ:COWN)’s stock is scheduled to reverse split before the market opens on Monday, December 5th. The 1-4 reverse split was announced on Wednesday, November 9th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, December 2nd.

Cowen Group (NASDAQ:COWN) opened at 3.60 on Wednesday. Cowen Group has a 52 week low of $2.46 and a 52 week high of $4.82. The company’s 50-day moving average is $3.38 and its 200 day moving average is $3.31. The stock has a market cap of $383.99 million, a PE ratio of 61.02 and a beta of 1.53.

Cowen Group (NASDAQ:COWN) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The firm had revenue of $153.50 million for the quarter, compared to the consensus estimate of $134.76 million. Cowen Group had a net margin of 2.89% and a negative return on equity of 0.08%. The business’s quarterly revenue was up 85.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.13) EPS. On average, analysts expect that Cowen Group will post ($0.06) earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. increased its stake in shares of Cowen Group by 1,435.9% in the first quarter. Prudential Financial Inc. now owns 185,583 shares of the company’s stock worth $707,000 after buying an additional 173,500 shares during the last quarter. North Star Investment Management Corp. increased its stake in shares of Cowen Group by 30.5% in the second quarter. North Star Investment Management Corp. now owns 481,642 shares of the company’s stock worth $1,426,000 after buying an additional 112,642 shares during the last quarter. Societe Generale acquired a new position in Cowen Group during the second quarter worth about $197,000. RMB Capital Management LLC increased its position in Cowen Group by 21.1% in the second quarter. RMB Capital Management LLC now owns 2,111,504 shares of the company’s stock worth $6,250,000 after buying an additional 368,315 shares during the last quarter. Finally, Mendon Capital Advisors Corp increased its position in Cowen Group by 12.5% in the second quarter. Mendon Capital Advisors Corp now owns 3,764,469 shares of the company’s stock worth $11,143,000 after buying an additional 418,770 shares during the last quarter. 94.06% of the stock is currently owned by hedge funds and other institutional investors.

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About Cowen Group

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 hedge funds, private equity structures, registered investment companies and listed investment vehicles.

5 Day Chart for NASDAQ:COWN

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