Pzena Investment Management, Inc. (NYSE:PZN) Short Interest Update

Pzena Investment Management, Inc. (NYSE:PZN) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 47,700 shares, a decrease of 17.5% from the December 15th total of 57,800 shares. Based on an average daily trading volume, of 40,300 shares, the short-interest ratio is presently 1.2 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley grew its position in Pzena Investment Management by 250.9% during the 2nd quarter. Morgan Stanley now owns 47,166 shares of the asset manager’s stock worth $405,000 after acquiring an additional 33,723 shares during the last quarter. Great Lakes Advisors LLC grew its position in Pzena Investment Management by 1.3% during the 3rd quarter. Great Lakes Advisors LLC now owns 191,961 shares of the asset manager’s stock worth $1,712,000 after acquiring an additional 2,373 shares during the last quarter. BlackRock Inc. grew its position in Pzena Investment Management by 20.3% during the 2nd quarter. BlackRock Inc. now owns 1,096,573 shares of the asset manager’s stock worth $9,420,000 after acquiring an additional 185,343 shares during the last quarter. Northern Trust Corp grew its position in Pzena Investment Management by 3.1% during the 2nd quarter. Northern Trust Corp now owns 239,003 shares of the asset manager’s stock worth $2,053,000 after acquiring an additional 7,126 shares during the last quarter. Finally, Swiss National Bank grew its position in Pzena Investment Management by 9.9% during the 2nd quarter. Swiss National Bank now owns 32,200 shares of the asset manager’s stock worth $277,000 after acquiring an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 17.07% of the company’s stock.

Separately, ValuEngine raised Pzena Investment Management from a “sell” rating to a “hold” rating in a report on Friday, October 4th.

Shares of PZN traded down $0.08 during mid-day trading on Tuesday, reaching $8.51. The company had a trading volume of 134,530 shares, compared to its average volume of 56,181. Pzena Investment Management has a twelve month low of $7.23 and a twelve month high of $10.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.23 and a quick ratio of 2.23. The company’s 50-day moving average is $8.64 and its 200-day moving average is $8.47. The company has a market capitalization of $596.91 million, a P/E ratio of 12.19 and a beta of 1.21.

Pzena Investment Management (NYSE:PZN) last issued its earnings results on Thursday, October 17th. The asset manager reported $0.19 earnings per share (EPS) for the quarter. Pzena Investment Management had a return on equity of 13.88% and a net margin of 8.39%. The business had revenue of $37.07 million during the quarter.

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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