Dallas, Texas 09/27/2013 (Financialstrend) – Pzena Investment Management, Inc. (NYSE:PZN) stock has shown a close to 39% appreciation in comparison to a year back. This bull run has happened largely due to the steady and able management of the assets of the company by its management.
On September 9, Pzena provided its “Assets under management” statement broken up by quarter. This indicates the steady and risk averse approach taken by the fund managers to sustain and grow the assets under their control. As of August 31, the total value of its US strategies has gone up by 4.4% compared to previous quarter. This can be ascribed to Pzena increasing their exposure to the US market since it offered relatively better stability and performance over the past two to three quarters. The global value assets managed by PZN has come down 9.4% reflecting the sound logic behind the management decision to withdraw and limit their exposure to the unsettled European and Asian markets in the past two quarters.
Over the past 12 months, the cumulative assets percentage across the segments has gone up by 31% which is a indicator of the strong growth the assets have seen under the management. The company has a market capitalization of $83.7 million with a total of 12.32 million outstanding shares.
The company has paid out dividend of $0.12 per share to its share holders over the past year reflecting a 1.76% annual yield. This coupled with the close to 30% increase in its stock value year to date explains the strong buyer interest in this stock which averages around 30,470 shares getting traded every day.
Pzena Investment Management is a wealth and investment management firm. It directly operates Pzena Investment Management, LLC, which advises and supports a big list of global clients which include trust funds and high net worth individuals.