Great Lakes Advisors LLC Has $1.67 Million Stock Position in Pzena Investment Management, Inc (NYSE:PZN)


Great Lakes Advisors LLC reduced its holding in Pzena Investment Management, Inc (NYSE:PZN – Get Rating) by 3.7% in the first quarter, according to its recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,940 shares of the money manager after selling 8,048 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.28% of Pzena Investment Management valued at $1,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also changed their holdings of PZN. Boston Partners acquired a new interest in Pzena Investment Management stock valued at $3,005,000 during the fourth quarter. Monarch Partners Asset Management LLC increased its position in Pzena Investment Management shares by 20.0% in the first quarter. Monarch Partners Asset Management LLC now owns 263,210 shares of the asset manager, valued at $2,111,000, after purchasing an additional 43,812 shares last quarter. Rock Point Advisors LLC increased its position in Pzena Investment Management shares by 2.5% during the fourth quarter. Rock Point Advisors LLC now owns 240,680 shares of the money manager, valued at $2,279,000, after purchasing an additional 5,955 shares last quarter. Los Angeles Capital Management LLC increased its stake in Pzena Investment Management by 24.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 136,777 shares of the money manager’s stock valued at $1,295,000 after purchasing an additional 27,114 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new $700,000 position in Pzena Investment Management during Q4. 14.54% of the shares are owned by institutional investors and hedge funds.

Pzena Investment Management trading up 0.1%

NYSE PZN shares opened at $9.49 on Monday. The company has a market cap of $701.24 million, a P/E of 11.57 and a beta of 1.39. Pzena Investment Management, Inc has a 1 year low of $6.07 and a 1 year high of $11.75. The company has a 50-day moving average price of $7.11 and a 200-day moving average price of $7.71.

Pzena Investment Management dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 5 will receive a dividend of $0.03 per share. The ex-dividend date is Thursday 4th August. That equates to a dividend of $0.12 on an annualized basis and a dividend yield of 1.26%. Pzena Investment Management’s payout ratio is 14.63%.

Analysts set new price targets

Separately, StockNews.com downgraded shares of Pzena Investment Management from a “strong buy” rating to a “buy” rating in a research note on Friday.

Pzena Investment Management profile

(get rating)

Pzena Investment Management, Inc is an employee-owned investment manager. The company manages equity funds for its clients. He invests in the public stock markets. The Company provides its services to individuals, high net worth individuals, investment companies, pooled investment vehicles, non-profit organizations, pension and profit-sharing plans, state or local government agencies, non-profit organizations, other investment advisors, insurance companies, sovereign wealth funds and foreign official institutions, corporations or other companies.

Selected Stories

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



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