Monarch Partners Asset Management LLC increased its position in shares of Cowen Inc (NASDAQ:COWN) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 233,822 shares of the financial services provider’s stock after buying an additional 7,340 shares during the quarter. Monarch Partners Asset Management LLC owned 0.75% of Cowen worth $3,192,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Cowen during the third quarter worth about $196,000. Fox Run Management L.L.C. bought a new position in Cowen in the third quarter valued at approximately $205,000. Sei Investments Co. grew its stake in Cowen by 68.7% in the third quarter. Sei Investments Co. now owns 12,288 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 5,004 shares in the last quarter. Voya Investment Management LLC grew its stake in Cowen by 15.7% in the second quarter. Voya Investment Management LLC now owns 13,335 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in Cowen in the third quarter valued at approximately $257,000. Institutional investors and hedge funds own 79.43% of the company’s stock.
Cowen Inc (NASDAQ:COWN) traded up $0.65 during mid-day trading on Friday, reaching $12.65. The company’s stock had a trading volume of 580,641 shares, compared to its average volume of 335,631. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $496.01, a P/E ratio of 63.25 and a beta of 1.44. Cowen Inc has a 12-month low of $11.75 and a 12-month high of $18.25.
A number of research analysts have weighed in on the company. Nomura decreased their price target on Cowen from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, October 31st. BidaskClub downgraded Cowen from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 30th.
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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.
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