Pzena Investment Management (NYSE:PZN) Announces Earnings Results

Pzena Investment Management (NYSE:PZN) announced its quarterly earnings results on Thursday. The asset manager reported $0.19 EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $37.07 million for the quarter. Pzena Investment Management had a return on equity of 14.09% and a net margin of 8.39%.

PZN opened at $7.92 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.75 and a current ratio of 2.75. Pzena Investment Management has a 52-week low of $7.23 and a 52-week high of $10.48. The stock has a market capitalization of $599.66 million, a PE ratio of 12.17 and a beta of 1.18. The stock’s 50 day moving average price is $8.72 and its 200-day moving average price is $8.69.

A number of equities analysts have commented on PZN shares. Zacks Investment Research cut Pzena Investment Management from a “buy” rating to a “hold” rating in a research note on Tuesday, June 25th. ValuEngine raised Pzena Investment Management from a “sell” rating to a “hold” rating in a research note on Friday, October 4th.

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.

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Earnings History for Pzena Investment Management (NYSE:PZN)

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