Today: Today, Deprince Race & Zollo Inc. Reached $2,611,000 position of Pzena Investment Management Inc. (PZN)

Today, Deprince Race & Zollo Inc. Reached $2,611,000 position  of Pzena Investment Management Inc. (PZN)

Deprince Race & Zollo Inc. raised its position in Pzena Investment Management Inc. (NYSE:PZN) by 20.8% during the third quarter, Holdings Channel reports. The fund owned 339,102 shares of the company’s stock after buying an additional 58,278 shares during the period. Deprince Race & Zollo Inc.’s holdings in Pzena Investment Management were worth $2,611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers raised its position in Pzena Investment Management by 2.0% in the second quarter. Rhumbline Advisers now owns 16,229 shares of the company’s stock worth $124,000 after buying an additional 314 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Pzena Investment Management by 4.8% in the second quarter. Parametric Portfolio Associates LLC now owns 20,989 shares of the company’s stock worth $160,000 after buying an additional 960 shares during the last quarter. Levin Capital Strategies L.P. raised its position in shares of Pzena Investment Management by 20.1% in the second quarter. Levin Capital Strategies L.P. now owns 21,000 shares of the company’s stock worth $160,000 after buying an additional 3,516 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Pzena Investment Management by 549.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 21,740 shares of the company’s stock worth $165,000 after buying an additional 18,390 shares in the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of Pzena Investment Management by 13.0% in the second quarter. Teachers Advisors Inc. now owns 26,291 shares of the company’s stock worth $200,000 after buying an additional 3,032 shares in the last quarter. 14.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of Pzena Investment Management Inc. (NYSE:PZN) traded down 1.11% on Monday, reaching $9.76. The company’s stock had a trading volume of 58,721 shares. The firm’s 50 day moving average is $8.00 and its 200-day moving average is $8.00. Pzena Investment Management Inc. has a 52-week low of $5.91 and a 52-week high of $9.88. The stock has a market cap of $159.12 million, a P/E ratio of 22.59 and a beta of 1.89.

Pzena Investment Management (NYSE:PZN) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $27 million for the quarter, compared to analyst estimates of $27 million. Pzena Investment Management had a return on equity of 10.65% and a net margin of 6.93%. On average, equities research analysts forecast that Pzena Investment Management Inc. will post $0.42 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Friday, October 28th were issued a $0.03 dividend. The ex-dividend date was Wednesday, October 26th. This represents a $0.12 annualized dividend and a yield of 1.23%. Pzena Investment Management’s payout ratio is currently 27.91%.

About Pzena Investment Management

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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