Monarch Partners Asset Management LLC boosted its stake in shares of Cowen Inc (NASDAQ:COWN) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 657,098 shares of the financial services provider’s stock after purchasing an additional 63,585 shares during the period. Cowen comprises 1.5% of Monarch Partners Asset Management LLC’s portfolio, making the stock its 18th largest holding. Monarch Partners Asset Management LLC owned about 2.23% of Cowen worth $10,113,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cowen by 55.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,789 shares of the financial services provider’s stock valued at $43,000 after buying an additional 991 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in Cowen during the third quarter valued at approximately $167,000. Hancock Whitney Corp purchased a new stake in Cowen during the second quarter valued at approximately $196,000. WINTON GROUP Ltd purchased a new stake in Cowen during the second quarter valued at approximately $211,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Cowen during the second quarter valued at approximately $222,000. Institutional investors own 96.86% of the company’s stock.
Shares of NASDAQ COWN traded down $0.13 during midday trading on Friday, reaching $15.04. The stock had a trading volume of 154,000 shares, compared to its average volume of 276,436. The stock has a 50-day moving average of $14.82 and a 200-day moving average of $15.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $454.56 million, a price-to-earnings ratio of 5.72 and a beta of 1.47. Cowen Inc has a 12-month low of $11.80 and a 12-month high of $18.36.
A number of analysts have commented on the stock. Zacks Investment Research cut shares of Cowen from a “hold” rating to a “sell” rating in a report on Wednesday. Buckingham Research assumed coverage on shares of Cowen in a report on Tuesday, July 23rd. They set a “buy” rating and a $20.00 target price for the company. Finally, BidaskClub raised shares of Cowen from a “strong sell” rating to a “sell” rating in a report on Saturday, October 26th.
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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