Cowen Inc. (NASDAQ:COWN) Given Average Recommendation of “Hold” by Brokerages

Cowen Inc. (NASDAQ:COWN – Get Rating) has been given a consensus rating of “Hold” by the six brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $25.00.

Separately, StockNews.com began coverage on Cowen in a report on Friday, March 10th. They set a “sell” rating on the stock.

Institutional Trading of Cowen

A number of hedge funds have recently bought and sold shares of COWN. Captrust Financial Advisors lifted its stake in shares of Cowen by 19.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,842 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 300 shares during the period. Ronald Blue Trust Inc. increased its stake in Cowen by 173.0% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,474 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 934 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new position in Cowen during the third quarter worth about $59,000. Acadian Asset Management LLC acquired a new stake in Cowen in the 1st quarter worth about $78,000. Finally, Point72 Hong Kong Ltd grew its holdings in Cowen by 188.0% in the 1st quarter. Point72 Hong Kong Ltd now owns 2,932 shares of the financial services provider’s stock valued at $79,000 after buying an additional 1,914 shares during the period. Institutional investors and hedge funds own 93.10% of the company’s stock.

Cowen Price Performance

COWN stock opened at $38.99 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.77 and a quick ratio of 1.02. The company’s 50 day simple moving average is $38.90 and its 200-day simple moving average is $38.71. Cowen has a 12 month low of $21.36 and a 12 month high of $39.07. The firm has a market capitalization of $1.10 billion, a PE ratio of 17.80 and a beta of 1.45.

Cowen Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, February 28th. Cowen’s dividend payout ratio is presently 21.92%.

About Cowen

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Cowen, Inc engages in the provision of financial services. It operates through following the segments: Operating Company and Asset Company. The Operating Company segment consists of the Cowen Investment Management, Investment Banking, Markets, and Research divisions. The Asset Company segment consists of the firm’s private investments, private real estate investments, and other legacy investment strategies.