Cowen (NASDAQ:COWN) Issues Quarterly Earnings Results

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Cowen (NASDAQ:COWN) posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01, MarketWatch Earnings reports. Cowen had a negative net margin of 4.32% and a positive return on equity of 7.61%. The firm had revenue of $195.03 million for the quarter.

Shares of NASDAQ:COWN opened at $15.02 on Friday. The firm has a market capitalization of $437.70 million, a P/E ratio of 7.74 and a beta of 1.11. Cowen has a 1 year low of $11.63 and a 1 year high of $17.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.88 and a quick ratio of 0.88.

Separately, BidaskClub upgraded shares of Cowen from a “hold” rating to a “buy” rating in a report on Thursday, October 18th.

A hedge fund recently raised its stake in Cowen stock. JPMorgan Chase & Co. increased its holdings in Cowen Inc (NASDAQ:COWN) by 151.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,797 shares of the financial services provider’s stock after purchasing an additional 27,611 shares during the period. JPMorgan Chase & Co. owned approximately 0.16% of Cowen worth $747,000 at the end of the most recent reporting period. 88.32% of the stock is currently owned by institutional investors and hedge funds.

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About Cowen

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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Earnings History for Cowen (NASDAQ:COWN)

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