Revenue Update on Cowen Group Inc(NASDAQ:COWN)

Cowen Group Inc(NASDAQ:COWN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $117.23M. Analysts estimated a revenue of $99.25M. Earnings per share were $-0.20. Analysts had estimated an EPS of $-0.08.

Cowen Group Inc (COWN) shares turned negative on Thursdays trading session with the shares closing down -0.05 points or -1.56% at a volume of 4,83,561. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.2. The peak price level was also seen at $3.2 while the days lowest was $3.135. Finally the shares closed at $3.15. The 52-week high of the shares is $5.87 while the 52-week low is $2.465. According to the latest information available, the market cap of the company is $335 M.

Several Insider Transactions has been reported to the SEC. On Aug 11, 2015, John J Holmes (Chief Operating Officer) sold 50,000 shares at $5.53 per share price.Also, 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.

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