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Cowen Inc (COWN.OQ)

COWN.OQ on NASDAQ Stock Exchange Global Select Market

15.10USD
26 May 2017
Change (% chg)

$0.30 (+2.03%)
Prev Close
$14.80
Open
$14.70
Day's High
$15.15
Day's Low
$14.65
Volume
88,360
Avg. Vol
107,295
52-wk High
$16.75
52-wk Low
$10.92

Latest Key Developments (Source: Significant Developments)

Cowen Group Q1 non-gaap earnings per share $0.19
Thursday, 27 Apr 2017 04:01pm EDT 

April 27 (Reuters) - Cowen Group Inc ::Cowen Group, Inc. Announces first quarter 2017 financial results.Q1 gaap earnings per share $0.05.Q1 revenue $115 million versus $101 million.Book value per share was $24.79 as of march 31, 2017.Q1 non-gaap earnings per share $0.19.  Full Article

Cowen Group announces acquisition of Convergex
Monday, 3 Apr 2017 07:30am EDT 

Cowen Group Inc : Cowen Group announces acquisition of convergex . Cowen Group Inc says expects acquisition to be accretive to economic income per share and return on tangible common equity in 2018 . Cowen Group Inc - deal for a total consideration, less certain closing adjustments, of $116 million in cash and cowen common stock . Cowen Group Inc says transaction price will be adjusted based on tangible book value of convergex at time of closing . Majority of transaction is to be conducted through cash on Cowen's balance sheet and excess cash from convergex at closing .Cowen Group Inc - Convergex transaction is not contingent on closing of terms of strategic partnership between Cowen and China Energy Company Limited.  Full Article

Cowen and CEFC China announce strategic partnership
Wednesday, 29 Mar 2017 08:15am EDT 

Cowen Group Inc : Cowen and CEFC China announce strategic partnership . Cowen Group Inc - CEFC China also agrees to provide $175 million in new debt financing to Cowen . Cowen Group Inc - CEFC China would acquire 19.9 percent of cowen's outstanding common shares for aggregate purchase price of approximately $100 million . Says CEFC China enters into agreement to acquire 19.9 percent common equity interest in Cowen for $18.00 per share . Cowen Group Inc - CEFC China would provide Cowen with debt financing in form of a senior unsecured loan with a six year maturity . Cowen Group Inc - CEFC China will make equity investment through purchase of newly issued shares of class A common stock . Cowen Group - proceeds of equity investment to be used to repay Cowen's 8.25 percent senior notes due 2021, fund growth opportunities at Cowen and its units . Cowen Group - at closing, CEFC China would have right to appoint three directors to Cowen's board, bringing total number of directors to eleven . Cowen Group Inc - Starr Strategic Partners, Llc served as financial advisor and Willkie Farr & Gallagher Llp served as legal counsel to Cowen Group .Cowen group - CEFC China would, upon closing of investment, provide cowen with debt financing in form of senior unsecured loan with a six year maturity.  Full Article

Cowen Group Q4 revenue $122.3 million
Thursday, 16 Feb 2017 08:00am EST 

Cowen Group Inc : Cowen Group Inc announces fourth quarter and full year 2016 financial results . Q4 loss per share $0.13 .Q4 revenue $122.3 million versus $110.6 million.  Full Article

Cowen Group appoints Matt Baldassano as Managing Director, Head Of Global Securities Finance
Monday, 8 Aug 2016 08:00am EDT 

Cowen Group Inc :Matt Baldassano has joined Cowen as managing director, head of Global Securities Finance.  Full Article

Cowen Group says Q2 gaap loss per share $0.11
Thursday, 28 Jul 2016 04:01pm EDT 

Cowen Group Inc : Cowen group, inc. Announces second quarter 2016 financial results . Q2 gaap loss per share $0.11 . Q2 revenue $117.2 million versus $119.6 million . Q2 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S .Q2 non-gaap loss per share $0.20.  Full Article

Cowen Group estimated amount of AUM was about $12.8 bln
Thursday, 23 Jun 2016 04:24pm EDT 

Cowen Group Inc :As of June 1, estimated unaudited amount of AUM was about $12.8 billion, a net decrease of approximately $0.76 billion since May 1, 2016.  Full Article

Cowen Group, Inc to acquire businesses from CRT Capital
Tuesday, 22 Mar 2016 07:30am EDT 

Cowen Group, Inc:To acquire businesses from crt capital.Says financial terms of the transaction are undisclosed.Says the transaction for Cowen is expected to be mildly accretive to book value.Says transaction for Cowen is expected to be slightly dilutive to tangible book value in the first year.Agreement where Cowen and co will acquire crt's credit products, credit research, special situations,emerging markets units.Says crt will use the proceeds from the transaction to invest further in its equities, banking and rates businesses.  Full Article

Cowen Group, Inc declares dividend
Thursday, 29 Oct 2015 09:00am EDT 

Cowen Group, Inc:Declares quarterly cash dividend of $14.22 per share on the Company's 5.625% Series A Cumulative Perpetual Convertible Preferred Stock.Payable on Nov. 16 to holders of record at the close of business on Nov. 1.  Full Article

Cowen Group, Inc. Completes Acquisition of Conifer Securities
Thursday, 1 Oct 2015 01:00pm EDT 

Cowen Group, Inc:Announced that it completed its previously announced acquisition of Conifer Securities, LLC, outsourced trading and prime services division of Conifer Financial Services LLC.Financial terms of transaction were not disclosed.  Full Article

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BRIEF-Cowen Group Q1 non-gaap earnings per share $0.19

* Cowen Group, Inc. Announces first quarter 2017 financial results