Ermenegildo Zegna (NYSE:ZGN) Shares Gap Up to $10.25

Ermenegildo Zegna (NYSE:ZGN)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $10.25, but opened at $11.08. Ermenegildo Zegna shares last traded at $11.10, with a volume of 8,335 shares traded.

Ermenegildo Zegna Stock Down 0.8 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.76 and a current ratio of 1.27. The business’s 50-day simple moving average is $11.83 and its 200-day simple moving average is $12.46.

Ermenegildo Zegna Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, July 30th. Investors of record on Friday, July 5th will be issued a dividend of $0.12 per share. This represents a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, July 5th. This is a boost from Ermenegildo Zegna’s previous annual dividend of $0.10.

Hedge Funds Weigh In On Ermenegildo Zegna

Several institutional investors and hedge funds have recently modified their holdings of ZGN. Capital World Investors increased its holdings in Ermenegildo Zegna by 34.6% in the first quarter. Capital World Investors now owns 5,195,013 shares of the company’s stock valued at $76,107,000 after buying an additional 1,335,945 shares in the last quarter. Capital Research Global Investors purchased a new position in Ermenegildo Zegna during the first quarter valued at $54,202,000. Public Investment Fund grew its position in shares of Ermenegildo Zegna by 3.1% in the fourth quarter. Public Investment Fund now owns 2,228,738 shares of the company’s stock valued at $25,786,000 after purchasing an additional 66,371 shares during the period. Tabor Asset Management LP increased its stake in shares of Ermenegildo Zegna by 48.2% during the fourth quarter. Tabor Asset Management LP now owns 734,035 shares of the company’s stock worth $8,493,000 after purchasing an additional 238,614 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of Ermenegildo Zegna during the 4th quarter worth about $4,165,000. Institutional investors and hedge funds own 12.91% of the company’s stock.

About Ermenegildo Zegna

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.