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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 16.67
COWN's Cash to Debt is ranked higher than
66% of the 345 Companies
in the Global Capital Markets industry.

( Industry Median: 16.67 vs. COWN: 16.67 )
COWN' s 10-Year Cash to Debt Range
Min: 0.65   Max: No Debt
Current: 16.67

Equity to Asset 0.21
COWN's Equity to Asset is ranked higher than
57% of the 398 Companies
in the Global Capital Markets industry.

( Industry Median: 0.29 vs. COWN: 0.21 )
COWN' s 10-Year Equity to Asset Range
Min: 0.21   Max: 0.75
Current: 0.21

0.21
0.75
F-Score: 4
Z-Score: 0.36
M-Score: -2.17
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 2/10

vs
industry
vs
history
Operating margin (%) -10.29
COWN's Operating margin (%) is ranked lower than
55% of the 359 Companies
in the Global Capital Markets industry.

( Industry Median: 19.05 vs. COWN: -10.29 )
COWN' s 10-Year Operating margin (%) Range
Min: -73.62   Max: 20.13
Current: -10.29

-73.62
20.13
Net-margin (%) 1.42
COWN's Net-margin (%) is ranked lower than
51% of the 364 Companies
in the Global Capital Markets industry.

( Industry Median: 15.57 vs. COWN: 1.42 )
COWN' s 10-Year Net-margin (%) Range
Min: -110.98   Max: 18.81
Current: 1.42

-110.98
18.81
ROE (%) 0.92
COWN's ROE (%) is ranked lower than
51% of the 362 Companies
in the Global Capital Markets industry.

( Industry Median: 7.87 vs. COWN: 0.92 )
COWN' s 10-Year ROE (%) Range
Min: -58.3   Max: 17.38
Current: 0.92

-58.3
17.38
ROA (%) 0.25
COWN's ROA (%) is ranked higher than
50% of the 365 Companies
in the Global Capital Markets industry.

( Industry Median: 1.93 vs. COWN: 0.25 )
COWN' s 10-Year ROA (%) Range
Min: -30.55   Max: 6.72
Current: 0.25

-30.55
6.72
ROC (Joel Greenblatt) (%) -124.71
COWN's ROC (Joel Greenblatt) (%) is ranked lower than
59% of the 344 Companies
in the Global Capital Markets industry.

( Industry Median: 141.27 vs. COWN: -124.71 )
COWN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -378.97   Max: 1024.88
Current: -124.71

-378.97
1024.88
Revenue Growth (%) -5.50
COWN's Revenue Growth (%) is ranked higher than
60% of the 328 Companies
in the Global Capital Markets industry.

( Industry Median: 1.00 vs. COWN: -5.50 )
COWN' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 5.4
Current: -5.5

0
5.4
» COWN's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

COWN Guru Trades in Q2 2013

Steven Cohen 59,401 sh (New)
John Rogers 5,773,080 sh (+72.29%)
Richard Snow 238,416 sh (+9.73%)
Chuck Royce 4,110,435 sh (unchged)
Third Avenue Management 1,571,140 sh (unchged)
Jim Simons Sold Out
Ian Cumming 2,782,604 sh (-7.7%)
» More
Q3 2013

COWN Guru Trades in Q3 2013

Jim Simons 272,112 sh (New)
John Rogers 6,947,085 sh (+20.34%)
Chuck Royce 4,110,435 sh (unchged)
Ian Cumming Sold Out
Steven Cohen 52,624 sh (-11.41%)
Third Avenue Management 1,341,760 sh (-14.6%)
Richard Snow 153,771 sh (-35.5%)
» More
Q4 2013

COWN Guru Trades in Q4 2013

Paul Tudor Jones 35,901 sh (New)
Jean-Marie Eveillard 118,718 sh (New)
Jim Simons 542,212 sh (+99.26%)
John Rogers 8,831,685 sh (+27.13%)
Chuck Royce 3,514,635 sh (-14.49%)
Third Avenue Management 912,834 sh (-31.97%)
Richard Snow 87,996 sh (-42.77%)
Steven Cohen 14,152 sh (-73.11%)
» More
Q1 2014

COWN Guru Trades in Q1 2014

Jean-Marie Eveillard 140,143 sh (+18.05%)
Steven Cohen 15,537 sh (+9.79%)
Richard Snow 91,971 sh (+4.52%)
John Rogers 9,123,145 sh (+3.3%)
Chuck Royce 3,425,035 sh (-2.55%)
Paul Tudor Jones 31,253 sh (-12.95%)
Jim Simons 467,862 sh (-13.71%)
Third Avenue Management 726,106 sh (-20.46%)
» More
» Details

Insider Trades

Latest Guru Trades with COWN

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Jean-Marie Eveillard 2013-12-31 New Buy$3.48 - $4.1 $ 44%118718
Ian Cumming 2013-09-30 Sold Out 33.4%$3 - $3.61 $ 420%0
Ian Cumming 2013-06-30 Reduce -7.7%1.79%$2.49 - $3.28 $ 442%2782604
Ian Cumming 2013-03-31 Add 50.44%7.78%$2.42 - $2.9 $ 450%3014807
Ian Cumming 2012-06-30 Add 101.66%0.22%$2.32 - $2.75 $ 459%2003994
George Soros 2011-12-31 Sold Out 0.002%$2.41 - $2.96 $ 451%0
George Soros 2011-09-30 New Buy$2.67 - $4.21 $ 414%41900
George Soros 2011-06-30 Sold Out $3.47 - $4.31 $ 40%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 28.40
COWN's P/E(ttm) is ranked higher than
63% of the 438 Companies
in the Global Capital Markets industry.

( Industry Median: 23.80 vs. COWN: 28.40 )
COWN' s 10-Year P/E(ttm) Range
Min: 5.74   Max: 107
Current: 28.4

5.74
107
P/B 0.90
COWN's P/B is ranked higher than
80% of the 438 Companies
in the Global Capital Markets industry.

( Industry Median: 1.51 vs. COWN: 0.90 )
COWN' s 10-Year P/B Range
Min: 0.17   Max: 1.45
Current: 0.9

0.17
1.45
P/S 1.40
COWN's P/S is ranked higher than
85% of the 438 Companies
in the Global Capital Markets industry.

( Industry Median: 3.83 vs. COWN: 1.40 )
COWN' s 10-Year P/S Range
Min: 0.24   Max: 7.51
Current: 1.4

0.24
7.51
EV-to-EBIT 82.35
COWN's EV-to-EBIT is ranked higher than
61% of the 438 Companies
in the Global Capital Markets industry.

( Industry Median: 25.93 vs. COWN: 82.35 )
COWN' s 10-Year EV-to-EBIT Range
Min: 1.6   Max: 726.1
Current: 82.35

1.6
726.1
Current Ratio 1.18
COWN's Current Ratio is ranked higher than
53% of the 237 Companies
in the Global Capital Markets industry.

( Industry Median: 1.41 vs. COWN: 1.18 )
COWN' s 10-Year Current Ratio Range
Min: 1.06   Max: 121.15
Current: 1.18

1.06
121.15
Quick Ratio 1.18
COWN's Quick Ratio is ranked higher than
54% of the 237 Companies
in the Global Capital Markets industry.

( Industry Median: 1.41 vs. COWN: 1.18 )
COWN' s 10-Year Quick Ratio Range
Min: 1.06   Max: 121.15
Current: 1.18

1.06
121.15

Valuation & Return

vs
industry
vs
history
Price/Net Cash 8.30
COWN's Price/Net Cash is ranked higher than
92% of the 438 Companies
in the Global Capital Markets industry.

( Industry Median: 9999.00 vs. COWN: 8.30 )
COWN' s 10-Year Price/Net Cash Range
Min: 0.95   Max: 9.19
Current: 8.3

0.95
9.19
Price/Net Current Asset Value 2.30
COWN's Price/Net Current Asset Value is ranked higher than
95% of the 438 Companies
in the Global Capital Markets industry.

( Industry Median: 9999.00 vs. COWN: 2.30 )
COWN' s 10-Year Price/Net Current Asset Value Range
Min: 0.77   Max: 106.31
Current: 2.3

0.77
106.31
Price/Tangible Book 1.00
COWN's Price/Tangible Book is ranked higher than
79% of the 437 Companies
in the Global Capital Markets industry.

( Industry Median: 2.02 vs. COWN: 1.00 )
COWN' s 10-Year Price/Tangible Book Range
Min: 0.29   Max: 1.9
Current: 1

0.29
1.9
Price/DCF (Projected) 0.70
COWN's Price/DCF (Projected) is ranked higher than
90% of the 438 Companies
in the Global Capital Markets industry.

( Industry Median: 19.55 vs. COWN: 0.70 )
COWN' s 10-Year Price/DCF (Projected) Range
Min: 0.21   Max: 0.76
Current: 0.7

0.21
0.76
Price/Median PS Value 1.20
COWN's Price/Median PS Value is ranked higher than
67% of the 438 Companies
in the Global Capital Markets industry.

( Industry Median: 1.19 vs. COWN: 1.20 )
COWN' s 10-Year Price/Median PS Value Range
Min: 0.32   Max: 5.98
Current: 1.2

0.32
5.98
Price/Graham Number 0.80
COWN's Price/Graham Number is ranked higher than
82% of the 438 Companies
in the Global Capital Markets industry.

( Industry Median: 1.69 vs. COWN: 0.80 )
COWN' s 10-Year Price/Graham Number Range
Min: 0.73   Max: 2.26
Current: 0.8

0.73
2.26
Earnings Yield (Greenblatt) 1.20
COWN's Earnings Yield (Greenblatt) is ranked lower than
62% of the 355 Companies
in the Global Capital Markets industry.

( Industry Median: 6.80 vs. COWN: 1.20 )
COWN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 62.6
Current: 1.2

0.1
62.6
Forward Rate of Return (Yacktman) 17.27
COWN's Forward Rate of Return (Yacktman) is ranked higher than
86% of the 308 Companies
in the Global Capital Markets industry.

( Industry Median: 4.48 vs. COWN: 17.27 )
COWN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 13.1   Max: 13.5
Current: 17.27

13.1
13.5

Business Description

Industry: Brokers & Exchanges » Capital Markets
Compare:PJC, SIEB, GHL, GS, SF » details
Traded in other countries:CGI.Germany
Cowen Group, Inc., was incorporated in Delaware on February 2006. The Company completed an initial public offering of its common stock on July 12, 2006. It is an international investment bank dedicated to providing superior research, brokerage and investment banking services to companies and institutional investor clients mainly in the healthcare, technology, media and telecommunications, consumer, aerospace & defense and alternative energy sectors. The Company provides research and brokerage services to domestic and international clients seeking to trade equity and equity-linked securities, mainly in its target sectors. It focuses its investment banking efforts, mainly equity and equity-linked capital raising and strategic advisory services, on small to mid-capitalization public companies as well as private companies. It also offers traditional and alternative asset management services to institutional investors and other accredited investors. Its traditional asset management business includes teams based in the United States and the United Kingdom. The Company's alternative asset management business consists of CHRP, which invests mainly in commercial-stage biopharmaceutical products and companies through the purchase of royalty or synthetic royalty interests and structured debt and equity instruments, and Cowen Capital Partners, LLC, which manages a portfolio of middle market private equity investments for third party investors.
» More Articles for COWN

Headlines

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July 2, 2010 52-Week Low Wrap-Up: Alliant Techsystems, Brink’s Company, Calamos Asset Management, Jul 02 2010 

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