Pzena Investment Management Inc. (PZN) Sees Unusually-High Trading Volume
Pzena Investment Management Inc. (NYSE:PZN) saw unusually-high trading volume on Thursday . Approximately 78,191 shares changed hands during mid-day trading, an increase of 32% from the previous session’s volume of 59,078 shares.The stock last traded at $7.48 and had previously closed at $7.47.
The firm has a 50-day moving average of $8.11 and a 200-day moving average of $7.78. The stock has a market cap of $113.91 million and a price-to-earnings ratio of 15.92.
Pzena Investment Management (NYSE:PZN) last issued its earnings results on Tuesday, April 19th. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. On average, analysts predict that Pzena Investment Management Inc. will post $0.38 EPS for the current year.
A number of hedge funds and institutional investors recently modified their holdings of PZN. Dimensional Fund Advisors LP increased its position 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 period. GSA Capital Partners LLP increased its position 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 period. Royce & Associates LLC increased its position 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 period. Finally, I.G. Investment Management LTD. bought a new position in shares of Pzena Investment Management during the fourth quarter valued at about $2,575,000.
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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