Osborne Partners Capital Management LLC Makes New $4.98 Million Investment in Ermenegildo Zegna N.V. (NYSE:ZGN)

Osborne Partners Capital Management LLC bought a new position in Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 673,515 shares of the company's stock, valued at approximately $4,984,000. Osborne Partners Capital Management LLC owned 0.17% of Ermenegildo Zegna at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZGN. SBI Securities Co. Ltd. acquired a new position in Ermenegildo Zegna in the 4th quarter worth $28,000. American Assets Inc. acquired a new position in Ermenegildo Zegna in the 4th quarter worth $578,000. Tocqueville Asset Management L.P. acquired a new position in Ermenegildo Zegna in the 4th quarter worth $218,000. Next Capital Management LLC acquired a new position in Ermenegildo Zegna in the 4th quarter worth $151,000. Finally, Fox Run Management L.L.C. acquired a new position in Ermenegildo Zegna in the 4th quarter worth $372,000. 12.91% of the stock is owned by institutional investors and hedge funds.

Ermenegildo Zegna Stock Down 1.2%

NYSE ZGN traded down $0.11 on Monday, reaching $8.73. The company had a trading volume of 912,190 shares, compared to its average volume of 753,342. The company's fifty day moving average is $8.26 and its 200-day moving average is $8.17. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.41. Ermenegildo Zegna N.V. has a 1-year low of $6.05 and a 1-year high of $12.15. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 16.48 and a beta of 0.74.

Ermenegildo Zegna Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Monday, July 7th will be given a dividend of $0.1361 per share. The ex-dividend date is Monday, July 7th. This is a boost from Ermenegildo Zegna's previous annual dividend of $0.12. This represents a yield of 1.5%.

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.