Deprince Race & Zollo Inc. increased its position in shares of Pzena Investment Management Inc. (NYSE:PZN) by 20.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 339,102 shares of the company’s stock after buying an additional 58,278 shares during the period. Deprince Race & Zollo Inc. owned 2.07% of Pzena Investment Management worth $2,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PZN. Rock Point Advisors LLC bought a new position in shares of Pzena Investment Management during the third quarter worth about $2,105,000. Punch & Associates Investment Management Inc. boosted its position in shares of Pzena Investment Management by 1.6% in the third quarter. Punch & Associates Investment Management Inc. now owns 1,478,759 shares of the company’s stock worth $11,386,000 after buying an additional 23,730 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Pzena Investment Management by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 31,142 shares of the company’s stock worth $237,000 after buying an additional 546 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Pzena Investment Management by 4.8% in the second quarter. Parametric Portfolio Associates LLC now owns 20,989 shares of the company’s stock worth $160,000 after buying an additional 960 shares during the last quarter. Finally, Levin Capital Strategies L.P. boosted its position in shares of Pzena Investment Management by 20.1% in the second quarter. Levin Capital Strategies L.P. now owns 21,000 shares of the company’s stock worth $160,000 after buying an additional 3,516 shares during the last quarter. 14.65% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Pzena Investment Management (NYSE:PZN)

Shares of Pzena Investment Management Inc. (NYSE:PZN) traded down 1.11% on Monday, hitting $9.76. The company’s stock had a trading volume of 58,721 shares. The firm has a market cap of $159.12 million, a price-to-earnings ratio of 22.59 and a beta of 1.89. The stock’s 50-day moving average price is $8.00 and its 200-day moving average price is $8.00. Pzena Investment Management Inc. has a 52 week low of $5.91 and a 52 week high of $9.88.

Pzena Investment Management (NYSE:PZN) last posted its earnings results on Tuesday, October 18th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $27 million for the quarter, compared to analyst estimates of $27 million. Pzena Investment Management had a return on equity of 10.65% and a net margin of 6.93%. Equities analysts expect that Pzena Investment Management Inc. will post $0.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Friday, October 28th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, October 26th. Pzena Investment Management’s payout ratio is presently 27.91%.

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Pzena Investment Management Company Profile

Pzena Investment Management, Inc is an investment management firm. The Company manages assets across a range of market capitalizations in both the United States and non-United States capital markets. The Company manages separate accounts on behalf of institutions, acts as sub-investment adviser for a range of Securities and Exchange Commission (SEC)-registered mutual funds and non-United States funds, and acts as investment adviser for the Pzena Mutual Funds, certain private placement funds and non-United States funds.

5 Day Chart for NYSE:PZN

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