Pzena Investment Management Inc (NYSE:PZN) Stock Closed Much Higher Than Its 50 Day Moving Average


It is trading at $12.12 impressively higher than $10.58, the 50 day moving average and significantly higher than the 200 day moving average of $10.06. The 50 day moving average was up by +14.60% and the 200 day average moved up $2.06. 8,254 shares changed hands on Tuesday. Trading volume was down 87.72% under the stocks average daily volume.

Traders are a little more bullish on shares of Pzena Investment Management Inc if you take note of the motion in short interest. The company experienced a fall in short interest of -12.88% between September 15, 2017 and September 29, 2017. Short shares decreased from 254,958 to 222,108 over that period. The short-interest ratio decreased to 3.0 and the short interest percentage is 0.01% as of September 29.

Here are a few substantial investment firms who have updated their positions. As of quarter end Teton Advisors, Inc. had sold 2,000 shares trimming its holdings by 1.3%. The value of the investment in (PZN) increased from $1,574,000 to $1,605,000 a change of $31,000 quarter over quarter. Cacti Asset Management LLC cut its investment by shedding 5,000 shares a decrease of 0.7% in the quarter. Cacti Asset Management LLC controls 711,650 shares valued at $7,729,000. The total value of its holdings increased 7.4%.

As of the end of the quarter Acadian Asset Management LLC had disposed of a total of 19,339 shares trimming its stake by 54.2%. The value of the company’s investment in Pzena Investment Management Inc went from $352,000 to $178,000 decreasing 49.4% since the last quarter. As of quarter end Meeder Asset Management Inc had acquired a total of 231 shares growing its position 19.4%. The value of the total investment in Pzena Investment Management Inc increased from $12,000 to $16,000 a change of 33.3% quarter to quarter.

The company is trading up since yesterday’s close of 11.97. Additionally Pzena Investment Management Inc declared a dividend for shareholders to be paid on Wednesday November 22nd, 2017. The dividend will be $0.030 per share for the quarter which comes to $0.12 on an annualized basis. This dividend represents a yield of $1.00. The ex-dividend date will be Wednesday the 26th of July 2017.

The P/E ratio is 17.26 and the market cap is 209.49M. As of the last earnings report the EPS was $0.70 and is expected to be $0.60 for the current year with 17,285,000 shares outstanding. Next quarter’s EPS is forecasted at $0.16 with next year’s EPS anticipated to be $0.71.

Pzena Investment Management, Inc., launched on May 8, 2007, 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. Pzena Investment Management, LLC is its operating company. Pzena Investment Management, LLC consists of Class A and Class B membership units..