News stories about Pzena Investment Management (NYSE:PZN) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pzena Investment Management earned a news impact score of 0.15 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 45.7028022711691 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
PZN has been the topic of several research reports. Zacks Investment Research raised shares of Pzena Investment Management from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. ValuEngine lowered shares of Pzena Investment Management from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded shares of Pzena Investment Management from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th.
Shares of Pzena Investment Management (NYSE PZN) opened at 9.42 on Wednesday. The firm has a market capitalization of $162.82 million, a P/E ratio of 14.38 and a beta of 1.63. The firm has a 50-day moving average of $10.18 and a 200 day moving average of $9.80. Pzena Investment Management has a 52 week low of $7.11 and a 52 week high of $11.85.
Pzena Investment Management (NYSE:PZN) last announced its quarterly earnings data on Tuesday, July 18th. The asset manager reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. Pzena Investment Management had a net margin of 14.82% and a return on equity of 12.93%. The company had revenue of $34.11 million for the quarter, compared to the consensus estimate of $32.00 million. Pzena Investment Management’s quarterly revenue was up 29.0% on a year-over-year basis. On average, equities research analysts expect that Pzena Investment Management will post $0.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Friday, July 28th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, July 26th. Pzena Investment Management’s dividend payout ratio is presently 18.18%.
Pzena Investment Management Company Profile
Pzena Investment Management, Inc is a holding company. The Company is the sole managing member of Pzena Investment Management, LLC. Pzena Investment Management, LLC is an investment management company. The Company also serves as the general partner of Pzena Investment Management, LP. The Company offers institutional investment products to public and corporate pension funds, endowments, foundations and certain commingled vehicles geared toward institutional investors.
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