Squarepoint Ops LLC Takes $180,000 Position in Pzena Investment Management, Inc (NYSE:PZN)

Squarepoint Ops LLC acquired a new position in Pzena Investment Management, Inc (NYSE:PZN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,348 shares of the asset manager’s stock, valued at approximately $180,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PZN. Royal Bank of Canada boosted its stake in Pzena Investment Management by 31.7% in the 1st quarter. Royal Bank of Canada now owns 5,342 shares of the asset manager’s stock worth $56,000 after purchasing an additional 1,285 shares during the period. Susquehanna International Group LLP bought a new position in Pzena Investment Management in the 2nd quarter worth about $117,000. Citadel Advisors LLC bought a new position in Pzena Investment Management in the 1st quarter worth about $118,000. Lincoln National Corp boosted its stake in Pzena Investment Management by 10.8% in the 2nd quarter. Lincoln National Corp now owns 11,131 shares of the asset manager’s stock worth $123,000 after purchasing an additional 1,084 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Pzena Investment Management in the 1st quarter worth about $295,000. 14.56% of the stock is owned by institutional investors.

Shares of PZN opened at $11.10 on Thursday. The company has a market cap of $801.10 million, a PE ratio of 11.33 and a beta of 1.32. The stock has a 50-day moving average price of $10.66 and a 200-day moving average price of $10.91. Pzena Investment Management, Inc has a 12-month low of $6.49 and a 12-month high of $12.13.

Pzena Investment Management (NYSE:PZN) last issued its quarterly earnings results on Tuesday, October 19th. The asset manager reported $0.27 earnings per share (EPS) for the quarter. The firm had revenue of $51.62 million during the quarter. Pzena Investment Management had a return on equity of 14.49% and a net margin of 9.49%.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 19th. Stockholders of record on Friday, October 29th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, October 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. Pzena Investment Management’s dividend payout ratio (DPR) is presently 12.24%.

Pzena Investment Management Profile

Pzena Investment Management, Inc engages in the provision of investment management services. The company was founded by Richard Stanton Pzena on May 8, 2007 and is headquartered in New York, NY.

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

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