Deprince Race & Zollo Inc. Has $3.03 Million Holdings in Pzena Investment Management, Inc. (PZN)

Deprince Race & Zollo Inc. trimmed its position in shares of Pzena Investment Management, Inc. (NYSE:PZN) by 6.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 374,183 shares of the asset manager’s stock after selling 26,536 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.53% of Pzena Investment Management worth $3,027,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Pzena Investment Management by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 464,388 shares of the asset manager’s stock worth $4,430,000 after buying an additional 18,173 shares in the last quarter. BlackRock Inc. grew its stake in Pzena Investment Management by 1.7% during the third quarter. BlackRock Inc. now owns 956,244 shares of the asset manager’s stock worth $9,123,000 after buying an additional 15,800 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Pzena Investment Management by 11.7% during the fourth quarter. Meeder Asset Management Inc. now owns 20,078 shares of the asset manager’s stock worth $174,000 after buying an additional 2,106 shares in the last quarter. Stone Ridge Asset Management LLC grew its stake in Pzena Investment Management by 5.8% during the fourth quarter. Stone Ridge Asset Management LLC now owns 57,350 shares of the asset manager’s stock worth $496,000 after buying an additional 3,136 shares in the last quarter. Finally, Vanguard Group Inc grew its stake in Pzena Investment Management by 0.9% during the third quarter. Vanguard Group Inc now owns 786,086 shares of the asset manager’s stock worth $7,499,000 after buying an additional 6,968 shares in the last quarter. Hedge funds and other institutional investors own 16.94% of the company’s stock.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Pzena Investment Management from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a report on Thursday. ValuEngine cut shares of Pzena Investment Management from a “hold” rating to a “sell” rating in a report on Monday, March 11th.

PZN stock opened at $9.13 on Friday. The stock has a market capitalization of $577.14 million, a PE ratio of 11.86 and a beta of 1.15. Pzena Investment Management, Inc. has a 12 month low of $7.36 and a 12 month high of $10.48.

Pzena Investment Management (NYSE:PZN) last posted its earnings results on Wednesday, April 17th. The asset manager reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $37.41 million during the quarter, compared to analysts’ expectations of $33.87 million. Pzena Investment Management had a net margin of 8.98% and a return on equity of 15.14%. On average, equities research analysts forecast that Pzena Investment Management, Inc. will post 0.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Tuesday, April 30th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.31%. Pzena Investment Management’s dividend payout ratio (DPR) is currently 15.58%.

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Pzena Investment Management Profile

Pzena Investment Management, Inc is a publicly owned investment manager. The firm manages equity mutual funds for its clients. It invests in the public equity markets. Pzena Investment Management, Inc was founded in 2007 and is based in New York City with additional offices in Melbourne, Australia and London, United Kingdom.

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

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