Cowen Group Inc (COWN) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $-0.11 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $-0.08. The company posted revenue of $117.23 million in the period, compared to analysts expectations of $99.14 million. The company’s revenue was down -2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
Cowen Group Inc opened for trading at $3.07 and hit $3.14 on the upside on Thursday, eventually ending the session at $3.14, with a gain of 2.28% or 0.07 points. The heightened volatility saw the trading volume jump to 6,75,698 shares. Company has a market cap of $333 M.
In a different news, on Aug 11, 2015, John J Holmes (Chief Operating Officer) sold 50,000 shares at $5.53 per share price. According to the SEC, on Aug 7, 2015, Owen S Littman (General Counsel) sold 60,000 shares at $5.60 per share price. On Aug 4, 2015, Jeffrey M Solomon (President) sold 71,221 shares at $5.76 per share price, according to the Form-4 filing with the securities and exchange commission.
Cowen Group Inc. is a diversified financial services firm. The Company provides alternative investment management investment banking research and brokerage (including market-making and sales and trading) through its two business segments: alternative investment and broker-dealer. The alternative investment segment includes hedge funds replication products liquid alternative risk premia products customized solutions mutual funds managed futures funds fund of funds real estate and healthcare royalty funds. The broker-dealer segment offers industry focused investment banking for growth-oriented companies including advisory and global capital markets origination and domain knowledge-driven research and a sales and trading platform for institutional investors primarily under the Cowen name.