Last $9.17 USD
Change Today +0.03 / 0.33%
Volume 22.9K
PZN On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

pzena investment managm-cl a (PZN) Snapshot

Open
$9.20
Previous Close
$9.14
Day High
$9.34
Day Low
$9.13
52 Week High
03/10/14 - $12.73
52 Week Low
12/9/14 - $8.32
Market Cap
596.8M
Average Volume 10 Days
49.9K
EPS TTM
$0.52
Shares Outstanding
13.2M
EX-Date
11/10/14
P/E TM
17.7x
Dividend
$0.12
Dividend Yield
3.82%
Current Stock Chart for PZENA INVESTMENT MANAGM-CL A (PZN)

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pzena investment managm-cl a (PZN) Details

Pzena Investment Management, Inc. is a publicly owned investment manager. It provides its services to individuals, typically high net worth individuals, investment companies, charitable organizations, corporations, state or municipal government entities, pension and profit sharing plans, and pooled investment vehicles. The firm launches and manages equity mutual funds and manages balanced mutual fund for its clients. The firm invests in the public equity markets across the globe. The firm employs fundamental analysis while making its investments. Pzena Investment Management, Inc. was founded in 1995 and is based in New York City with an additional office in Melbourne, Australia.

76 Employees
Last Reported Date: 03/12/14
Founded in 1995

pzena investment managm-cl a (PZN) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $1.4M
President, Co-Chief Investment Officer and Di...
Total Annual Compensation: $1.4M
President, Head of Marketing & Client Service...
Total Annual Compensation: $1.4M
Chief Financial Officer and Principal Account...
Total Annual Compensation: $465.0K
Executive Vice President
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

pzena investment managm-cl a (PZN) Key Developments

Pzena Investment Management, Inc Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Pzena Investment Management Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of USD 29,605,000 compared with USD 24,046,000 for the same period last year. Operating income was USD 16,632,000 compared with USD 12,951,000 for the same period last year. Income before taxes was USD 14,283,000 compared with USD 10,203,000 for the same period last year. Net income attributable to the company was USD 2,059,000 or USD 0.14 diluted per share compared with USD 1,956,000 or USD 0.12 diluted per share for the same period last year. Non-GAAP net income was USD 1,737,000 or USD 0.13 basic and diluted per share compared with USD 1,381,000 or USD 0.11 basic and diluted per share for the same period last year. Non-GAAP income before corporate income taxes was USD 2,962,000 compared with USD 2,366,000 for the same period last year. The increase in revenues from last quarter was primarily due to an increase in performance fees recognized during the third quarter of 2014. For the nine months, the company reported revenue of USD 83,951,000 compared with USD 67,020,000 for the same period last year. Operating income was USD 46,204,000 compared with USD 33,651,000 for the same period last year. Income before taxes was USD 42,400,000 compared with USD 30,982,000 for the same period last year. Net income attributable to the company was USD 5,631,000 or USD 0.39 diluted per share compared with USD 4,391,000 or USD 0.30 diluted per share for the same period last year. Non-GAAP net income was USD 4,890,000 or USD 0.37 diluted per share compared with USD 3,589,000 or USD 0.29 diluted per share for the same period last year. Non-GAAP income before corporate income taxes was USD 8,449,000 compared with USD 6,141,000 for the same period last year.

Pzena Investment Management, Inc, Q3 2014 Earnings Call, Oct 22, 2014

Pzena Investment Management, Inc, Q3 2014 Earnings Call, Oct 22, 2014

Pzena Investment Management, Inc Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Corporate Effective Tax Rate for 2014

Pzena Investment Management Inc. reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $27.9 million from $22.1 million, operating income of $15.5 million, compared with $11.3 million, income before taxes of $14.1 million, compared with $11.5 million, net income attributable to the company of $2.1 million or $0.13 per diluted share compared to $1.3 million or $0.10 per diluted share in the prior-year quarter. On non-GAAP basis, the company reported income before taxes and operating company allocation of $16.1 million compared to $11.4 million, income before corporate income taxes of $3.0 million compared to $2.1 million and net income of $1.8 million or $0.13 per diluted share compared to $1.2 million or $0.09 per diluted share for the last year. For the six months, the company reported revenue of $54.3 million from $43.0 million, operating income of $29.6 million, compared with $20.7 million, income before taxes of $28.1 million, compared with $20.8 million, net income attributable to the company of $3.6 million or $0.25 per diluted share compared to $2.4 million or $0.18 per diluted share in the prior-year quarter. On non-GAAP basis, the company reported income before taxes and operating company allocation of $30.1 million compared to $21.3 million, income before corporate income taxes of $5.5 million compared to $3.8 million and net income of $3.2 million or $0.24 per diluted share compared to $2.2 million or $0.18 per diluted share for the last year. The company provided corporate effective tax rate for 2014. The company expects its annual corporate effective tax rate, excluding any benefits associated with the share and unit vesting, to be between 42% and 44%.

 

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Industry Analysis

PZN

Industry Average

Valuation PZN Industry Range
Price/Earnings 80.4x
Price/Sales 1.1x
Price/Book 6.8x
Price/Cash Flow 77.3x
TEV/Sales 4.6x
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