The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors endured a torrid quarter, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As a result, the relevancy of these public filings and their content is indisputable, as they may reveal numerous high-potential stocks. The following article will discuss the smart money sentiment towards Cowen Group, Inc. (NASDAQ:COWN).
Cowen Group, Inc. (NASDAQ:COWN) was in 16 hedge funds’ portfolios at the end of the third quarter of 2015. COWN has experienced a decrease in support from the world’s most elite money managers recently. There were 20 hedge funds in our database with COWN holdings at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Tower International Inc (NYSE:TOWR), Sagent Pharmaceuticals Inc (NASDAQ:SGNT), and The Spectranetics Corporation (NASDAQ:SPNC) to gather more data points.
Today there are a large number of metrics stock traders can use to grade stocks. A couple of the most useful metrics are hedge fund and insider trading interest. Our experts have shown that, historically, those who follow the top picks of the top hedge fund managers can outclass the broader indices by a superb margin (see the details here).
Now, let’s take a look at the fresh action encompassing Cowen Group, Inc. (NASDAQ:COWN).
How are hedge funds trading Cowen Group, Inc. (NASDAQ:COWN)?
At the end of the third quarter, a total of 16 of the hedge funds tracked by Insider Monkey were long this stock, a drop of 20% from one quarter earlier. With hedgies’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were upping their stakes substantially (or already accumulated large positions).
Of the funds tracked by Insider Monkey, Debra Fine’s Fine Capital Partners has the number one position in Cowen Group, Inc. (NASDAQ:COWN), worth close to $38.7 million, corresponding to 3.8% of its total 13F portfolio. Coming in second is Royce & Associates, managed by Chuck Royce, which holds a $10.9 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Other professional money managers with similar optimism consist of D. E. Shaw’s D E Shaw, Anton Schutz’s Mendon Capital Advisors and Ken Fisher’s Fisher Asset Management.