Punch & Associates Investment Management Inc. Has $14.41 Million Holdings in Pzena Investment Management, Inc. (NYSE:PZN)

Punch & Associates Investment Management Inc. raised its position in Pzena Investment Management, Inc. (NYSE:PZN) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,781,489 shares of the asset manager’s stock after acquiring an additional 61,366 shares during the quarter. Pzena Investment Management makes up 1.2% of Punch & Associates Investment Management Inc.’s investment portfolio, making the stock its 12th largest position. Punch & Associates Investment Management Inc.’s holdings in Pzena Investment Management were worth $14,412,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its position in shares of Pzena Investment Management by 8,082.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,682 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 3,637 shares during the period. Bank of America Corp DE increased its position in shares of Pzena Investment Management by 46.7% in the fourth quarter. Bank of America Corp DE now owns 11,214 shares of the asset manager’s stock valued at $97,000 after acquiring an additional 3,570 shares during the period. State of Tennessee Treasury Department purchased a new position in shares of Pzena Investment Management in the first quarter valued at about $98,000. Prudential Financial Inc. purchased a new position in shares of Pzena Investment Management in the fourth quarter valued at about $116,000. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Pzena Investment Management by 78.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 18,592 shares of the asset manager’s stock valued at $161,000 after acquiring an additional 8,167 shares during the period. Hedge funds and other institutional investors own 16.57% of the company’s stock.

Shares of NYSE PZN traded down $0.10 during midday trading on Friday, hitting $8.77. 8,075 shares of the company traded hands, compared to its average volume of 37,205. Pzena Investment Management, Inc. has a 12-month low of $7.36 and a 12-month high of $10.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.90 and a quick ratio of 2.90. The stock has a market capitalization of $622.89 million, a P/E ratio of 11.39 and a beta of 1.29.

Pzena Investment Management (NYSE:PZN) last announced its quarterly earnings results on Wednesday, April 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 8.81% and a return on equity of 14.74%. The company had revenue of $37.41 million for the quarter, compared to analysts’ expectations of $33.87 million. Research analysts anticipate that Pzena Investment Management, Inc. will post 0.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Tuesday, April 30th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Monday, April 29th. Pzena Investment Management’s dividend payout ratio is currently 15.58%.

PZN has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Pzena Investment Management from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. ValuEngine cut shares of Pzena Investment Management from a “hold” rating to a “sell” rating in a research report on Monday, March 11th.

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About Pzena Investment Management

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

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