BNP Paribas Arbitrage SA Acquires 3,637 Shares of Pzena Investment Management, Inc. (NYSE:PZN)

BNP Paribas Arbitrage SA increased its holdings in shares of Pzena Investment Management, Inc. (NYSE:PZN) by 8,082.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,682 shares of the asset manager’s stock after acquiring an additional 3,637 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Pzena Investment Management were worth $30,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in Pzena Investment Management by 46.7% in the 4th quarter. Bank of America Corp DE now owns 11,214 shares of the asset manager’s stock valued at $97,000 after buying an additional 3,570 shares during the period. Prudential Financial Inc. bought a new position in Pzena Investment Management in the 4th quarter valued at about $116,000. O Shaughnessy Asset Management LLC increased its holdings in Pzena Investment Management by 78.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 18,592 shares of the asset manager’s stock valued at $161,000 after buying an additional 8,167 shares during the period. Hancock Whitney Corp bought a new position in Pzena Investment Management in the 4th quarter valued at about $163,000. Finally, Rhumbline Advisers increased its holdings in Pzena Investment Management by 41.7% in the 4th quarter. Rhumbline Advisers now owns 25,759 shares of the asset manager’s stock valued at $223,000 after buying an additional 7,575 shares during the period. 16.57% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Pzena Investment Management from a “buy” rating to a “hold” rating in a research note on Tuesday, June 25th. ValuEngine downgraded shares of Pzena Investment Management from a “hold” rating to a “sell” rating in a research note on Monday, March 11th.

NYSE:PZN traded up $0.07 during mid-day trading on Friday, hitting $8.71. 12,298 shares of the company’s stock were exchanged, compared to its average volume of 33,127. The stock’s 50 day moving average is $8.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.90 and a quick ratio of 2.90. Pzena Investment Management, Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $10.48. The company has a market cap of $613.04 million, a price-to-earnings ratio of 11.31 and a beta of 1.18.

Pzena Investment Management (NYSE:PZN) last issued its quarterly earnings results on Wednesday, April 17th. The asset manager reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The firm had revenue of $37.41 million for the quarter, compared to the consensus estimate of $33.87 million. Pzena Investment Management had a net margin of 8.81% and a return on equity of 14.74%. On average, analysts forecast that Pzena Investment Management, Inc. will post 0.73 earnings per share for the current year.

Pzena Investment Management Company 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.

Further Reading: Current Ratio

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

Receive News & Ratings for Pzena Investment Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pzena Investment Management and related companies with MarketBeat.com's FREE daily email newsletter.