Morgan Stanley Acquires 33,723 Shares of Pzena Investment Management, Inc. (NYSE:PZN)

Morgan Stanley raised its position in shares of Pzena Investment Management, Inc. (NYSE:PZN) by 250.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,166 shares of the asset manager’s stock after buying an additional 33,723 shares during the period. Morgan Stanley owned about 0.07% of Pzena Investment Management worth $405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in Pzena Investment Management during the 2nd quarter valued at $151,000. Chicago Equity Partners LLC purchased a new stake in Pzena Investment Management during the 2nd quarter valued at $153,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Pzena Investment Management during the 2nd quarter valued at $182,000. Prudential Financial Inc. purchased a new stake in Pzena Investment Management during the 2nd quarter valued at $226,000. Finally, Swiss National Bank boosted its position in Pzena Investment Management by 9.9% during the 2nd quarter. Swiss National Bank now owns 32,200 shares of the asset manager’s stock valued at $277,000 after buying an additional 2,900 shares during the period. 17.06% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised shares of Pzena Investment Management from a “sell” rating to a “hold” rating in a research report on Friday, October 4th.

NYSE PZN remained flat at $$8.76 during trading hours on Tuesday. Pzena Investment Management, Inc. has a 12-month low of $7.23 and a 12-month high of $10.42. The company has a market capitalization of $625.71 million, a price-to-earnings ratio of 12.70 and a beta of 1.16. The firm has a 50 day moving average price of $8.66 and a two-hundred day moving average price of $8.70. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.16.

Pzena Investment Management (NYSE:PZN) last issued its quarterly earnings results on Thursday, October 17th. The asset manager reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $37.07 million during the quarter. Pzena Investment Management had a net margin of 8.39% and a return on equity of 14.09%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 29th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.12 dividend on an annualized basis and a yield of 1.37%.

About Pzena Investment Management

Pzena Investment Management, Inc is a publicly owned investment manager. The firm manages equity mutual funds for its clients. It invests in the public equity markets. Pzena Investment Management, Inc was founded in 2007 and is based in New York City with additional offices in Melbourne, Australia and London, United Kingdom.

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

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