Steven Kotler - Cowen Independent Director
| COWNDelisted Stock | USD 38.99 0.00 0.00% |
Director
Mr. Steven Kotler is Independent Director of the Company. Mr. Kotler was elected to our Board on June 7, 2010. Mr. Kotler currently serves as Vice Chairman of the private equity firm Gilbert Global Equity Partners, which he joined in 2000. Prior to joining Gilbert Global, Mr. Kotler, for 25 years, was with the investment banking firm of Schroder Co. and its predecessor firm, Wertheim Co., where he served in various executive capacities including President Chief Executive Officer, and Group Managing Director and Global Head of Investment and Merchant Banking. Mr. Kotler is a director of CPM Holdings, an international agricultural process equipment company and CoChairman of Birch Grove Capital, an asset management firm. Mr. Kotler is a member of the Council on Foreign Relations and, from 1999 to 2002, was Council President of The Woodrow Wilson International Center for Scholars. Mr. Kotler has previously served as a Governor of the American Stock Exchange, The New York City Partnership and Chamber of Commerces Infrastructure and Housing Task Force, The Board of Trustees of Columbia Preparatory School and, the Board of Overseers of the California Institute of the Arts. Mr. Kotler also previously served as a director of Cowen Holdings from September 2006 until June 2007. Mr. Kotler provides the Board with extensive experience in leading an international financial institution and expertise in private equity. since 2010.
| Age | 71 |
| Tenure | 14 years |
| Phone | 646 562 1010 |
| Web | https://www.cowen.com |
Cowen Management Efficiency
The company has return on total asset (ROA) of 0.0108 % which means that it generated a profit of $0.0108 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0503 %, meaning that it created $0.0503 on every $100 dollars invested by stockholders. Cowen's management efficiency ratios could be used to measure how well Cowen manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 60.16 M in liabilities with Debt to Equity (D/E) ratio of 1.88, which is about average as compared to similar companies. Cowen Group has a current ratio of 1.22, suggesting that it is in a questionable position to pay out its financial obligations when due. Debt can assist Cowen until it has trouble settling it off, either with new capital or with free cash flow. So, Cowen's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cowen Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cowen to invest in growth at high rates of return. When we think about Cowen's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 0.0503 | |||
| Return On Asset | 0.0108 |
Cowen Group Leadership Team
Elected by the shareholders, the Cowen's board of directors comprises two types of representatives: Cowen inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cowen. The board's role is to monitor Cowen's management team and ensure that shareholders' interests are well served. Cowen's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cowen's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dan Schnurman, Managing Director | ||
| Peter Cohen, CEO and Chairman | ||
| Elizabeth Rosman, MD Management | ||
| Joseph Wright, Independent Director | ||
| Brett Barth, Independent Director | ||
| John DiMaiuta, MD Officer | ||
| Larry Wieseneck, CoPres Banking | ||
| Michael Singer, CEO and President of Ramius | ||
| Jack Nusbaum, Independent Director | ||
| Jeffrey Solomon, President, CEO of Cowen and Company, LLC, and Director | ||
| Stephen CPA, MD CFO | ||
| John Holmes, MD COO | ||
| Fred Fraenkel, Vice Chairman of the Board | ||
| Townsend Ziebold, Managing Director | ||
| Michael Page, COO - International Business | ||
| Katherine DietzeCourage, Independent Director | ||
| Owen Littman, General Counsel and Secretary | ||
| Douglas Rediker, Independent Director | ||
| Steven Kotler, Independent Director | ||
| James Farley, MD Relations | ||
| J FARLEY, IR Contact Officer | ||
| Larry Leibowitz, Independent Director | ||
| Ann Neidenbach, CIO | ||
| Jerome Markowitz, Lead Independent Director | ||
| Margaret Poster, Independent Director | ||
| Katherine Dietze, Independent Director | ||
| Andr Augier, Vice Banking | ||
| Stephen Lasota, CFO | ||
| Daniel Charney, MD CoPres |
Cowen Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Cowen a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0503 | |||
| Return On Asset | 0.0108 | |||
| Profit Margin | 0.06 % | |||
| Operating Margin | 0.05 % | |||
| Current Valuation | 409.54 M | |||
| Shares Outstanding | 28.2 M | |||
| Shares Owned By Insiders | 6.15 % | |||
| Shares Owned By Institutions | 93.85 % | |||
| Number Of Shares Shorted | 7.74 M | |||
| Price To Earning | 9.83 X |
Pair Trading with Cowen
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cowen position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cowen will appreciate offsetting losses from the drop in the long position's value.Moving together with Cowen Stock
| 0.72 | CICHF | China Construction Bank | PairCorr |
Moving against Cowen Stock
| 0.75 | MCD | McDonalds Earnings Call Next Week | PairCorr |
The ability to find closely correlated positions to Cowen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cowen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cowen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cowen Group to buy it.
The correlation of Cowen is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cowen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cowen Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cowen can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Other Consideration for investing in Cowen Stock
If you are still planning to invest in Cowen Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Cowen's history and understand the potential risks before investing.
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