Meeder Asset Management Inc. Sells 2,664 Shares of Pzena Investment Management, Inc. (NYSE:PZN)

Meeder Asset Management Inc. decreased its position in Pzena Investment Management, Inc. (NYSE:PZNGet Rating) by 14.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,702 shares of the asset manager’s stock after selling 2,664 shares during the period. Meeder Asset Management Inc.’s holdings in Pzena Investment Management were worth $103,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in Pzena Investment Management by 12.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 38,363 shares of the asset manager’s stock worth $308,000 after buying an additional 4,112 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Pzena Investment Management by 653.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,250 shares of the asset manager’s stock worth $50,000 after buying an additional 5,420 shares during the last quarter. Monarch Partners Asset Management LLC raised its position in Pzena Investment Management by 20.0% in the 1st quarter. Monarch Partners Asset Management LLC now owns 263,210 shares of the asset manager’s stock worth $2,111,000 after buying an additional 43,812 shares during the last quarter. Iat Reinsurance Co. LTD. purchased a new position in Pzena Investment Management in the 1st quarter worth about $3,328,000. Finally, Rock Point Advisors LLC raised its position in Pzena Investment Management by 2.9% in the 1st quarter. Rock Point Advisors LLC now owns 247,655 shares of the asset manager’s stock worth $1,986,000 after buying an additional 6,975 shares during the last quarter. Institutional investors own 14.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Pzena Investment Management in a research report on Wednesday. They set a “hold” rating for the company.

Pzena Investment Management Stock Up 0.4 %

NYSE PZN opened at $9.65 on Friday. Pzena Investment Management, Inc. has a 52 week low of $6.07 and a 52 week high of $11.75. The firm has a market capitalization of $713.07 million, a P/E ratio of 13.79 and a beta of 1.31. The company has a 50-day moving average price of $9.58 and a 200-day moving average price of $8.21.

Pzena Investment Management Profile

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Pzena Investment Management, Inc is a employee owned investment manager. The firm manages equity mutual funds for its clients. It invests in the public equity markets. The firm provides its services to Individuals, high net worth individuals, investment companies, pooled investment vehicles, charitable organizations, pension and profit sharing plans, state or municipal government entities, charitable organizations, other investment advisers, insurance companies, sovereign wealth funds and foreign official institutions, corporations or other businesses.

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

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