Deprince Race & Zollo Inc. boosted its holdings in Pzena Investment Management Inc (NYSE:PZN) by 29.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 842,134 shares of the asset manager’s stock after buying an additional 193,117 shares during the quarter. Deprince Race & Zollo Inc. owned 1.23% of Pzena Investment Management worth $9,171,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PZN. Epoch Investment Partners Inc. grew its position in Pzena Investment Management by 34.9% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,383,419 shares of the asset manager’s stock worth $14,055,000 after purchasing an additional 357,948 shares in the last quarter. FMR LLC grew its position in Pzena Investment Management by 42.9% during the 1st quarter. FMR LLC now owns 466,400 shares of the asset manager’s stock worth $4,589,000 after purchasing an additional 140,000 shares in the last quarter. Russell Investments Group Ltd. grew its position in Pzena Investment Management by 84.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 295,205 shares of the asset manager’s stock worth $3,000,000 after purchasing an additional 135,095 shares in the last quarter. Penn Capital Management Co. Inc. purchased a new position in Pzena Investment Management during the 2nd quarter worth approximately $770,000. Finally, Nationwide Fund Advisors grew its position in Pzena Investment Management by 60.7% during the 2nd quarter. Nationwide Fund Advisors now owns 157,340 shares of the asset manager’s stock worth $1,599,000 after purchasing an additional 59,450 shares in the last quarter. Hedge funds and other institutional investors own 17.81% of the company’s stock.

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Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Pzena Investment Management from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Friday, July 21st. ValuEngine cut shares of Pzena Investment Management from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded shares of Pzena Investment Management from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th.

Pzena Investment Management Inc (NYSE PZN) traded up $0.03 during mid-day trading on Friday, hitting $10.69. 31,300 shares of the company traded hands, compared to its average volume of 58,948. Pzena Investment Management Inc has a 1-year low of $8.25 and a 1-year high of $12.70. The firm has a market cap of $730.63, a price-to-earnings ratio of 18.07 and a beta of 1.74.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, October 26th. Pzena Investment Management’s dividend payout ratio is 16.90%.

Pzena Investment Management Company Profile

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.

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

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