12,130 Shares in Cowen Inc (COWN) Purchased by United Services Automobile Association

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United Services Automobile Association bought a new position in shares of Cowen Inc (NASDAQ:COWN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,130 shares of the financial services provider’s stock, valued at approximately $168,000.

A number of other large investors have also modified their holdings of COWN. Millennium Management LLC lifted its holdings in shares of Cowen by 191.6% in the second quarter. Millennium Management LLC now owns 1,198,319 shares of the financial services provider’s stock worth $16,597,000 after buying an additional 787,359 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Cowen by 9.9% in the second quarter. BlackRock Inc. now owns 2,284,242 shares of the financial services provider’s stock worth $31,637,000 after buying an additional 206,212 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Cowen by 356.9% in the first quarter. Russell Investments Group Ltd. now owns 252,642 shares of the financial services provider’s stock worth $3,334,000 after buying an additional 197,348 shares in the last quarter. Systematic Financial Management LP purchased a new stake in shares of Cowen in the second quarter worth about $1,351,000. Finally, Foundry Partners LLC lifted its holdings in shares of Cowen by 16.8% in the second quarter. Foundry Partners LLC now owns 478,100 shares of the financial services provider’s stock worth $6,622,000 after buying an additional 68,890 shares in the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.

A number of equities research analysts have recently issued reports on COWN shares. BidaskClub raised shares of Cowen from a “hold” rating to a “buy” rating in a report on Wednesday, September 26th. ValuEngine raised shares of Cowen from a “sell” rating to a “hold” rating in a report on Thursday, July 19th.

Shares of Cowen stock opened at $14.58 on Tuesday. Cowen Inc has a 12-month low of $11.63 and a 12-month high of $17.99. The stock has a market capitalization of $435.55 million, a PE ratio of 7.58 and a beta of 1.17. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17.

Cowen (NASDAQ:COWN) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Cowen had a negative net margin of 4.32% and a positive return on equity of 7.71%. The firm had revenue of $195.03 million for the quarter.

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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Institutional Ownership by Quarter for Cowen (NASDAQ:COWN)

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