Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Pzena Investment Management Inc (NYSE:PZN) by 48.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,327 shares of the asset manager’s stock after acquiring an additional 24,220 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.11% of Pzena Investment Management worth $809,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Susquehanna International Group LLP purchased a new position in shares of Pzena Investment Management in the second quarter worth $173,000. The Manufacturers Life Insurance Company raised its holdings in shares of Pzena Investment Management by 23.7% in the second quarter. The Manufacturers Life Insurance Company now owns 18,818 shares of the asset manager’s stock worth $191,000 after buying an additional 3,603 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Pzena Investment Management by 13.3% in the second quarter. Rhumbline Advisers now owns 20,379 shares of the asset manager’s stock worth $207,000 after buying an additional 2,400 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Pzena Investment Management by 1.7% in the second quarter. California State Teachers Retirement System now owns 29,955 shares of the asset manager’s stock worth $304,000 after buying an additional 500 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Pzena Investment Management by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 50,870 shares of the asset manager’s stock worth $501,000 after buying an additional 2,394 shares during the last quarter. 17.70% of the stock is owned by institutional investors.

A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Pzena Investment Management from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, October 25th. BidaskClub raised shares of Pzena Investment Management from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, ValuEngine cut shares of Pzena Investment Management from a “buy” rating to a “hold” rating in a report on Friday, September 1st.

Pzena Investment Management Inc (PZN) traded up $0.37 during midday trading on Thursday, hitting $11.35. 34,000 shares of the company’s stock were exchanged, compared to its average volume of 58,093. The stock has a market capitalization of $752.56, a PE ratio of 18.61 and a beta of 1.74. Pzena Investment Management Inc has a fifty-two week low of $8.25 and a fifty-two week high of $12.70.

Pzena Investment Management (NYSE:PZN) last posted its quarterly earnings results on Tuesday, October 17th. The asset manager reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $36.23 million during the quarter, compared to analysts’ expectations of $35.00 million. Pzena Investment Management had a net margin of 14.41% and a return on equity of 12.92%. The company’s quarterly revenue was up 34.2% on a year-over-year basis. analysts expect that Pzena Investment Management Inc will post 0.6 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Friday, October 27th were paid a $0.03 dividend. The ex-dividend date was Thursday, October 26th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.06%. Pzena Investment Management’s payout ratio is currently 16.90%.

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About Pzena Investment Management

Pzena Investment Management, Inc is a holding company. The Company is the sole managing member of Pzena Investment Management, LLC. Pzena Investment Management, LLC is an investment management company. The Company also serves as the general partner of Pzena Investment Management, LP. The Company offers institutional investment products to public and corporate pension funds, endowments, foundations and certain commingled vehicles geared toward institutional investors.

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

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