Cowen Inc (COWN) Shares Bought by Chicago Equity Partners LLC

Chicago Equity Partners LLC boosted its stake in shares of Cowen Inc (NASDAQ:COWN) by 67.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 252,965 shares of the financial services provider’s stock after buying an additional 102,320 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.85% of Cowen worth $4,123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in COWN. Royal Bank of Canada lifted its holdings in Cowen by 167.5% during the 1st quarter. Royal Bank of Canada now owns 11,689 shares of the financial services provider’s stock valued at $154,000 after buying an additional 7,319 shares in the last quarter. United Services Automobile Association bought a new stake in Cowen during the 2nd quarter valued at about $168,000. Engineers Gate Manager LP bought a new stake in Cowen during the 3rd quarter valued at about $252,000. Sei Investments Co. lifted its holdings in 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. Finally, First Hawaiian Bank purchased a new position in Cowen during the 3rd quarter valued at about $290,000. Institutional investors own 88.55% of the company’s stock.

NASDAQ COWN opened at $16.00 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The stock has a market cap of $457.22 million, a price-to-earnings ratio of 8.09 and a beta of 1.11. Cowen Inc has a one year low of $11.63 and a one year high of $17.99.

Cowen (NASDAQ:COWN) last posted its earnings results on Thursday, October 25th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $195.03 million for the quarter. Cowen had a negative net margin of 4.32% and a positive return on equity of 7.61%.

COWN has been the topic of a number of research reports. BidaskClub downgraded shares of Cowen from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. ValuEngine raised shares of Cowen from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th.

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Cowen Company Profile

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.

See Also: Exchange-Traded Funds (ETFs)

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Institutional Ownership by Quarter for Cowen (NASDAQ:COWN)

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