Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative investment management, investment banking, research, and sales and trading services through its two business segments: Ramius LLC and Cowen and Company, LLC. 

Ramius provides alternative asset management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen and Company offers industry focused investment banking for growth-oriented companies, domain knowledge-driven research, a sales and trading platform for institutional investors and a comprehensive suite of prime brokerage services.

Employee Rating

3.6More
TypePublic
HQNew York, US
Founded1994
Size (employees)843 (est)
Websitecowen.com
Cowen was founded in 1994 and is headquartered in New York, US
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Key People/Management at Cowen

Dan Charney

Dan Charney

Co-President
Michael Page

Michael Page

COO
Frederic M. Seegal

Frederic M. Seegal

Managing Director, Vice Chairman of Investment Banking
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Cowen Office Locations

Cowen has an office in New York
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Cowen Financials and Metrics

Cowen Revenue

Cowen's revenue was reported to be $658.78 m in FY, 2017
USD

Revenue (Q3, 2018)

221.0m

Net income (Q3, 2018)

20.8m

Market capitalization (14-Dec-2018)

394.6m

Closing stock price (14-Dec-2018)

13.5

Cash (30-Sep-2018)

193.1m
Cowen's current market capitalization is $394.6 m.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

464.6m471.6m658.8m

Sales and marketing expense

321.4m310.0m404.1m

General and administrative expense

29.1m32.3m35.2m

Operating expense total

504.4m547.1m757.6m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

121.1m119.6m113.3m101.0m117.2m131.0m115.0m160.5m178.8m251.4m234.6m221.0m

Sales and marketing expense

95.9m75.3m56.4m63.2m55.6m98.5m76.7m102.1m103.3m135.1m131.8m127.3m

General and administrative expense

6.8m6.9m7.3m8.0m7.9m8.0m7.1m8.5m9.7m9.9m10.4m10.1m

Operating expense total

102.7m117.0m101.0m115.9m117.7m158.3m140.4m190.0m194.3m250.3m223.4m211.1m
Annual
USDFY, 2013FY, 2016FY, 2017

Cash

54.7m130.1m

Goodwill

37.2m60.7m

Total Assets

1.8b3.3b

Accounts Payable

112.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018

Cash

117.7m207.7m193.1m

Goodwill

60.7m60.7m60.7m

Total Assets

3.3b3.4b3.5b

Total Liabilities

2.1b2.2b2.5b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

182.8m59.0m(12.4m)(37.1m)

Depreciation and Amortization

10.2m10.2m9.5m12.7m13.1m

Inventories

Accounts Payable

Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

19.4m30.1m24.0m(8.0m)(35.2m)(19.9m)12.1m40.7m50.5m28.0m58.0m78.8m

Depreciation and Amortization

2.1m4.3m6.6m3.1m6.5m9.7m3.0m6.2m9.6m3.2m6.4m9.6m

Cash From Operating Activities

296.0m

Purchases of PP&E

(1.4m)(5.2m)(12.4m)(14.7m)(14.9m)(150.0k)(2.2m)(3.1m)(1.2m)(1.4m)(6.7m)
USDY, 2018

Financial Leverage

4.3 x
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Cowen Online and Social Media Presence

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Cowen News and Updates

Micron target lowered at Cowen ahead of earnings

Cowen & Co. analyst Karl Ackerman lowered his price target on shares of Micron Technology Inc. to $45 from $62 late on Sunday, though he maintained an outperform rating on the shares. "The significant disparity between buyside and sellside expectations has weighed on Micron intra-quarter, and o…

AMD stock rises after Cowen names it among best ideas for 2019

Cowen & Co. analyst Matthew Ramsay picked Advanced Micro Devices Inc. as one of his firm's best ideas for 2019, citing the company's move to 7-nanometer as an important catalyst. While Ramsay acknowledges that meaningful share gains take time, he argues that this lineup refresh would signify AM…

Quarton International Announces Its Acquisition by Cowen

DETROIT and ZURICH, Switzerland, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Quarton International (“Quarton International” or the “Company”), an investment banking company servicing the global middle market, today announced that it has entered into a definitive agreement to be acquired by Cowen Inc. (NASDA…

Cowen to Acquire Quarton International, Leading Middle-Market Financial Advisory Firm

Quarton to Complement Cowen’s Full-Service Financial Services Offering and Strengths

Chaparral Energy to Participate in Upcoming Cowen Energy and Natural Resources and Capital One Securities Energy Conferences

OKLAHOMA CITY, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Chaparral Energy, Inc. (NYSE: CHAP) today announced the company will hold one-on-one meetings at the Cowen Energy and Natural Resources Conference in New York on Tuesday, December 4 and the Capital One Securities Energy Conference in New Orleans on …

AMD price target cut to $26 from $33 at Cowen

Cowen analyst Matthew Ramsay cut his price target on shares of Advanced Micro Devices Inc. to $26 from $33 on Tuesday, days after the company delivered a disappointing forecast for its fourth quarter. Following conversations with AMD Chief Executive Lisa Su, Ramsay trimmed his estimates but maintai…
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Cowen Blogs

Cowen Announces Third Quarter 2018 Financial Results

Strong Performance in Investment Banking and Markets Divisions Drives Continued Profitability New York, NY – October 25, 2018 – Cowen Inc. (NASDAQ: COWN) (“Cowen” or “the Company”) today announced its operating results for the third quarter ended September 30, 2018. Third Quarter Financial Highlight…

Cowen Commemorates Its 100th Anniversary By Ringing Nasdaq Opening Bell On Friday, September 28, 2018

New York, NY, September 28, 2018 — Cowen Inc. (NASDAQ: COWN) (“Cowen” or the “Company”) today announced that it is celebrating its 100th Anniversary and will commemorate this occasion by ringing the Nasdaq Stock Market opening bell on Friday, September 28, 2018. By achieving this important milestone…

Cowen Commemorates Its 100th Anniversary by Ringing Nasdaq Opening Bell on Friday, September 28, 2018

NEW YORK , Sept. 28, 2018 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ: COWN) (“Cowen” or the “Company”) today announced that it is celebrating its 100 th Anniversary and will commemorate this occasion by ringing the Nasdaq Stock Market opening bell on Friday, September 28, 2018 .

Cowen Prime Services Wins Hedgeweek USA Awards 2018

Named “Best North American Prime Broker” for the Fourth Consecutive Year New York, NY, September 25, 2018 — Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that its prime services division, Cowen Prime Services LLC, has been named Best North American Prime Broker at the 2018 Hedg…

Cowen Prime Services Wins Hedgeweek USA Award 2018

Named “Best North American Prime Broker” for the Fourth Consecutive Year NEW YORK , Sept. 25, 2018 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that its prime services division, Cowen Prime Services LLC , has been named Best North American Prime Broker at

Cowen Names Mike Healey Chief Operating Officer Of Markets

New York, NY, September 17, 2018 — Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that Mike Healey has been named Chief Operating Officer (“COO”) of Markets, expanding his responsibilities from his prior position as COO of Equities.  In his new role, Mr. Healey is responsible fo…
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Cowen Company Life and Culture

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Cowen Frequently Asked Questions

  • When was Cowen founded?

    Cowen was founded in 1994.

  • Who are Cowen key executives?

    Cowen's key executives are Dan Charney, Michael Page and Frederic M. Seegal.

  • How many employees does Cowen have?

    Cowen has 843 employees.

  • What is Cowen revenue?

    Latest Cowen annual revenue is $658.8 m.

  • What is Cowen revenue per employee?

    Latest Cowen revenue per employee is $781.5 k.

  • Who are Cowen competitors?

    Competitors of Cowen include Lazard, Navient and BlackRock.

  • Where are Cowen offices?

    Cowen has an office in New York.

  • How many offices does Cowen have?

    Cowen has 1 office.