Cowen Group, Inc. (COWN): Insiders Aren’t Crazy About It But Hedge Funds Love It

Page 1 of 2

Is it smart to be bullish on Cowen Group, Inc. (NASDAQ:COWN)?

In today’s marketplace, there are dozens of gauges investors can use to track the equity markets. A couple of the most useful are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top investment managers can outclass their index-focused peers by a very impressive margin (see just how much).

Equally as useful, optimistic insider trading activity is a second way to analyze the financial markets. There are lots of reasons for a bullish insider to sell shares of his or her company, but only one, very obvious reason why they would behave bullishly. Various empirical studies have demonstrated the valuable potential of this tactic if you know where to look (learn more here).

Thus, it’s important to study the recent info about Cowen Group, Inc. (NASDAQ:COWN).

How have hedgies been trading Cowen Group, Inc. (NASDAQ:COWN)?

Heading into Q3, a total of 14 of the hedge funds we track were long in this stock, a change of 8% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were boosting their holdings significantly.

Cowen Group, Inc. (NASDAQ:COWN)According to our 13F database, John W. Rogers’s Ariel Investments had the most valuable position in Cowen Group, Inc. (NASDAQ:COWN), worth close to $16.7 million, comprising 0.3% of its total 13F portfolio. Sitting at the No. 2 spot is Fine Capital Partners, managed by Debra Fine, which held a $13.2 million position; 1.2% of its 13F portfolio is allocated to the company. Remaining hedgies with similar optimism include Chuck Royce’s Royce & Associates, Ian Cumming and Joseph Steinberg’s Leucadia National and Kelly Cardwell’s Central Square Management.

As aggregate interest spiked, certain money managers were breaking ground themselves. Ariel Investments, managed by John W. Rogers, created the largest position in Cowen Group, Inc. (NASDAQ:COWN). Ariel Investments had 16.7 million invested in the company at the end of the quarter. Debra Fine’s Fine Capital Partners also initiated a $13.2 million position during the quarter. The other funds with new positions in the stock are Chuck Royce’s Royce & Associates, Ian Cumming and Joseph Steinberg’s Leucadia National, and Kelly Cardwell’s Central Square Management.

How have insiders been trading Cowen Group, Inc. (NASDAQ:COWN)?

Insider buying is most useful when the company in focus has seen transactions within the past six months. Over the latest six-month time frame, Cowen Group, Inc. (NASDAQ:COWN) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to Cowen Group, Inc. (NASDAQ:COWN). These stocks are Piper Jaffray Companies (NYSE:PJC), FXCM Inc (NYSE:FXCM), Medley Capital Corp (NYSE:MCC), GFI Group Inc. (NYSE:GFIG), and Ladenburg Thalmann Financial Services (NYSEAMEX:LTS). All of these stocks are in the investment brokerage – national industry and their market caps match COWN’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!