Cowen Inc Class A (NASDAQ:COWN) Director Peter A. Cohen sold 2,500 shares of Cowen Inc Class A stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $15.19, for a total value of $37,975.00. Following the sale, the director now owns 698,095 shares in the company, valued at approximately $10,604,063.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

COWN opened at $15.15 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.88 and a current ratio of 0.88. Cowen Inc Class A has a one year low of $11.63 and a one year high of $18.25. The stock has a market cap of $446.87 million, a PE ratio of 13.29 and a beta of 1.20.

Cowen Inc Class A (NASDAQ:COWN) last posted its earnings results on Thursday, April 26th. The financial services provider reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.16. Cowen Inc Class A had a positive return on equity of 4.33% and a negative net margin of 5.91%. The business had revenue of $241.50 million for the quarter, compared to analysts’ expectations of $220.06 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The business’s revenue was up 110.1% compared to the same quarter last year.

A number of analysts have recently commented on the company. BidaskClub cut Cowen Inc Class A from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Sandler O’Neill assumed coverage on Cowen Inc Class A in a research report on Friday, May 18th. They set a “buy” rating and a $19.00 target price on the stock.

Several institutional investors and hedge funds have recently bought and sold shares of COWN. Schwab Charles Investment Management Inc. increased its position in shares of Cowen Inc Class A by 9.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 111,439 shares of the financial services provider’s stock worth $1,522,000 after purchasing an additional 10,075 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Cowen Inc Class A by 35.1% during the fourth quarter. Victory Capital Management Inc. now owns 113,800 shares of the financial services provider’s stock worth $1,553,000 after purchasing an additional 29,550 shares in the last quarter. California Public Employees Retirement System increased its position in Cowen Inc Class A 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. Swiss National Bank increased its position in Cowen Inc Class A by 35.2% in the 4th quarter. Swiss National Bank now owns 51,825 shares of the financial services provider’s stock valued at $707,000 after acquiring an additional 13,500 shares during the period. Finally, BlackRock Inc. increased its position in Cowen Inc Class A by 4.2% in the 4th quarter. BlackRock Inc. now owns 2,002,520 shares of the financial services provider’s stock valued at $27,335,000 after acquiring an additional 80,481 shares during the period. Institutional investors and hedge funds own 90.15% of the company’s stock.

About Cowen Inc Class A

Cowen Group, 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.

Insider Buying and Selling by Quarter for Cowen Inc Class A (NASDAQ:COWN)

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