Osborne Partners Capital Management LLC acquired a new position in Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 673,515 shares of the company's stock, valued at approximately $4,984,000. Osborne Partners Capital Management LLC owned about 0.17% of Ermenegildo Zegna as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Ermenegildo Zegna during the fourth quarter worth approximately $28,000. Mirabella Financial Services LLP bought a new stake in Ermenegildo Zegna during the fourth quarter worth approximately $87,000. Vident Advisory LLC bought a new stake in shares of Ermenegildo Zegna in the fourth quarter valued at approximately $126,000. Aquatic Capital Management LLC bought a new stake in shares of Ermenegildo Zegna in the fourth quarter valued at approximately $144,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Ermenegildo Zegna in the fourth quarter valued at approximately $151,000. Institutional investors and hedge funds own 12.91% of the company's stock.
Ermenegildo Zegna Stock Up 0.2%
ZGN opened at $9.06 on Friday. Ermenegildo Zegna N.V. has a 1-year low of $6.05 and a 1-year high of $12.15. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 17.08 and a beta of 0.74. The business has a 50 day moving average of $8.19 and a 200-day moving average of $8.16.
Ermenegildo Zegna Increases Dividend
The firm also recently disclosed an annual dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Monday, July 7th will be given a $0.1361 dividend. This represents a dividend yield of 1.5%. This is a boost from Ermenegildo Zegna's previous annual dividend of $0.12. The ex-dividend date is Monday, July 7th.
Ermenegildo Zegna Profile
(
Free Report)
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.
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