Cowen Group (NASDAQ:COWN) Expands Portfolio with Dahlman Rose & Co Acquisition – COWN, JEF, OPY, JMP

Cowen Group, Inc (NASDAQ:COWN) has decided to purchase privately held Dahlman Rose & Co LLC, inserting the energy, metals and mining, transportation, chemicals and agriculture sectors to the boutique investment firm’s core areas.

The New York based Cowen reported on Friday that the purchase would broaden its sector concentration in new areas which it considers will be active for capital rising over the foreseeable future.

Core areas of the company comprise health care, technology, telecommunications, media, aerospace and defense/industrials, consumer and real estate investment trusts.

The company did not announce the all-stock deal. Cowen further stated that the deal is forecasted to finish at the end of the Q1 and is subject to customary closing conditions and regulatory endorsement.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Jefferies Group, Inc. (NYSE:JEF) rose +0.10% to settle at $19.95, Oppenheimer Holdings Inc. (USA) (NYSE:OPY) moved up +2.76% to end at $17.48 while JMP Group Inc. (NYSE:JMP) jumped +0.15% to finish at $6.61 on Friday.

Cowen Group, Inc. (NASDAQ:COWN) last session’s volume of 1.89 million shares was higher than its average volume of 377,771 shares. The stock after opening at $2.65 hit high price of $2.69 and then closed at $2.69 by scoring +1.13%.

COWN generated revenue of $224.07 million in the previous twelve months and earned -$70.79 million. The Company showed a positive -30.64% in the net profit margin as well as in its operating margin which remained at -60.04%. Company’s annual sales growth for the past five years was 2.09%.

The COWN’s past twelve months’ price to sales ratio was 1.36 and price to cash ratio remained 4.56. As far as the returns are concerned, COWN’s return on equity was recorded as -13.00% and return on investment increased -12.61% while its return on asset stayed at -4.65%.

The stock showed weekly upbeat performance of 1.13% which was maintained for the month at 8.03%. Likewise the positive performance for the quarter was recorded as 5.91% and for the year was -0.37% while the YTD performance remained at 9.80%.

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