StockNews.com initiated coverage on shares of Cowen (NASDAQ:COWN – Get Rating) in a research report issued to clients and investors on Saturday. The firm set a “sell” rating on the financial services provider’s stock.
Cowen Price Performance
Shares of NASDAQ COWN opened at $38.99 on Friday. The business has a 50-day moving average price of $38.91 and a 200 day moving average price of $38.71. The stock has a market cap of $1.10 billion, a PE ratio of 17.80 and a beta of 1.45. The company has a quick ratio of 1.02, a current ratio of 0.77 and a debt-to-equity ratio of 0.11. Cowen has a 52-week low of $21.36 and a 52-week high of $39.07.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of COWN. Captrust Financial Advisors boosted its stake in shares of Cowen by 19.5% during the second quarter. Captrust Financial Advisors now owns 1,842 shares of the financial services provider’s stock worth $44,000 after buying an additional 300 shares during the period. Ronald Blue Trust Inc. lifted its position in Cowen by 173.0% during the 4th quarter. Ronald Blue Trust Inc. now owns 1,474 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 934 shares during the period. Longfellow Investment Management Co. LLC purchased a new position in shares of Cowen in the 3rd quarter valued at approximately $59,000. Acadian Asset Management LLC purchased a new stake in shares of Cowen during the first quarter worth approximately $78,000. Finally, Point72 Hong Kong Ltd raised its stake in shares of Cowen by 188.0% during the first quarter. Point72 Hong Kong Ltd now owns 2,932 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 1,914 shares during the last quarter. 93.10% of the stock is owned by hedge funds and other institutional investors.
Cowen, Inc engages in the provision of financial services. It operates through following the segments: Operating Company and Asset Company. The Operating Company segment consists of the Cowen Investment Management, Investment Banking, Markets, and Research divisions. The Asset Company segment consists of the firm’s private investments, private real estate investments, and other legacy investment strategies.
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