Pzena Investment Management Inc. (PZN) Stock Price Up 3.3%
Pzena Investment Management Inc. (NYSE:PZN) shares rose 3.3% during mid-day trading on Wednesday . The stock traded as high as $7.53 and last traded at $7.50, with a volume of 76,486 shares trading hands. The stock had previously closed at $7.26.
The stock’s 50-day moving average is $8.15 and its 200 day moving average is $7.78. The firm has a market capitalization of $112.55 million and a price-to-earnings ratio of 15.73.
Pzena Investment Management (NYSE:PZN) last announced its quarterly earnings data on Tuesday, April 19th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Equities research analysts forecast that Pzena Investment Management Inc. will post $0.38 EPS for the current fiscal year.
Other large investors recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Pzena Investment Management by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 266,626 shares of the company’s stock valued at $2,293,000 after buying an additional 12,023 shares during the last quarter. I.G. Investment Management LTD. bought a new stake in shares of Pzena Investment Management during the fourth quarter valued at about $2,575,000. Royce & Associates LLC increased its stake in shares of Pzena Investment Management by 41.0% in the fourth quarter. Royce & Associates LLC now owns 504,600 shares of the company’s stock valued at $4,340,000 after buying an additional 146,851 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of Pzena Investment Management by 21.5% in the fourth quarter. GSA Capital Partners LLP now owns 175,524 shares of the company’s stock valued at $1,510,000 after buying an additional 31,012 shares during the last quarter.
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.
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