Somewhat Positive Media Coverage Somewhat Unlikely to Impact Pzena Investment Management (NYSE:PZN) Share Price
News articles about Pzena Investment Management (NYSE:PZN) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 0.20 on Accern’s scale. Accern also assigned media headlines about the asset manager an impact score of 47.3212024518234 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Pzena Investment Management (NYSE PZN) traded down 2.13% during midday trading on Friday, hitting $10.12. The stock had a trading volume of 27,119 shares. The company has a market cap of $174.92 million, a price-to-earnings ratio of 15.45 and a beta of 1.68. The company’s 50 day moving average is $10.46 and its 200 day moving average is $9.85. Pzena Investment Management has a 1-year low of $7.11 and a 1-year high of $11.85.
Pzena Investment Management (NYSE:PZN) last posted its earnings results on Tuesday, July 18th. The asset manager reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $34.11 million for the quarter, compared to analysts’ expectations of $32 million. Pzena Investment Management had a net margin of 14.82% and a return on equity of 12.93%. The company’s revenue was up 29.0% on a year-over-year basis. On average, equities analysts anticipate that Pzena Investment Management will post $0.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Friday, July 28th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, July 26th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.19%. Pzena Investment Management’s payout ratio is presently 18.18%.
Several research firms have commented on PZN. BidaskClub raised Pzena Investment Management from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research raised Pzena Investment Management from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Friday, July 21st. Finally, ValuEngine raised Pzena Investment Management from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th.
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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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