Dimensional Fund Advisors LP trimmed its holdings in shares of Cowen Inc (NASDAQ:COWN) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,449,466 shares of the financial services provider’s stock after selling 24,134 shares during the quarter. Dimensional Fund Advisors LP owned 4.90% of Cowen worth $20,075,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Chicago Equity Partners LLC raised its position in shares of Cowen by 9.9% during the 2nd quarter. Chicago Equity Partners LLC now owns 150,645 shares of the financial services provider’s stock valued at $2,086,000 after buying an additional 13,625 shares in the last quarter. Sei Investments Co. raised its position in shares of Cowen by 40.8% during the 2nd quarter. Sei Investments Co. now owns 19,320 shares of the financial services provider’s stock valued at $267,000 after buying an additional 5,594 shares in the last quarter. BlackRock Inc. raised its position in shares of Cowen by 3.8% during the 1st quarter. BlackRock Inc. now owns 2,078,030 shares of the financial services provider’s stock valued at $27,430,000 after buying an additional 75,510 shares in the last quarter. Northern Trust Corp raised its position in shares of Cowen by 1.6% during the 1st quarter. Northern Trust Corp now owns 301,974 shares of the financial services provider’s stock valued at $3,986,000 after buying an additional 4,618 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new stake in shares of Cowen during the 2nd quarter valued at about $1,351,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.
Several brokerages have recently issued reports on COWN. BidaskClub upgraded shares of Cowen from a “hold” rating to a “buy” rating in a research report on Wednesday, September 26th. ValuEngine upgraded shares of Cowen from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th.
Shares of NASDAQ:COWN opened at $16.11 on Friday. The stock has a market cap of $482.63 million, a P/E ratio of 11.16 and a beta of 1.17. Cowen Inc 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 quick ratio of 0.91 and a current ratio of 0.91.
Cowen (NASDAQ:COWN) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.50 by $0.21. The company had revenue of $234.00 million for the quarter, compared to the consensus estimate of $218.99 million. Cowen had a negative net margin of 5.64% and a positive return on equity of 5.69%. The firm’s revenue was up 36.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS.
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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