News coverage about Pzena Investment Management (NYSE:PZN) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Pzena Investment Management earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 45.6299488338168 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Pzena Investment Management (NYSE:PZN) opened at $10.63 on Tuesday. Pzena Investment Management has a twelve month low of $8.25 and a twelve month high of $12.70. The firm has a market capitalization of $754.61, a P/E ratio of 18.66 and a beta of 1.69.
Pzena Investment Management (NYSE:PZN) last announced its earnings results on Tuesday, October 17th. The asset manager reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $36.23 million during the quarter, compared to the consensus estimate of $35.00 million. Pzena Investment Management had a net margin of 14.41% and a return on equity of 12.92%. The company’s revenue for the quarter was up 34.2% compared to the same quarter last year. research analysts forecast that Pzena Investment Management will post 0.6 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $0.12 dividend on an annualized basis and a yield of 1.13%. Pzena Investment Management’s dividend payout ratio (DPR) is presently 16.90%.
A number of research analysts have recently issued reports on PZN shares. Zacks Investment Research upgraded Pzena Investment Management from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Tuesday, October 10th. ValuEngine lowered Pzena Investment Management from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.
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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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