QVIDTVM Management LLC Grows Position in Ermenegildo Zegna N.V. (NYSE:ZGN)

Key Points

• QVIDTVM Management LLC increased its stake in Ermenegildo Zegna N.V. by 10.9% during the 1st quarter, acquiring a total of 420,129 shares, which represents about 2.7% of its holdings.
• Ermenegildo Zegna recently announced a dividend payment of $0.1361 per share, up from the previous dividend of $0.12, reflecting a significant boost in its dividend yield.
• The company has a market capitalization of $3.21 billion and its stock has experienced a 1-year low of $6.05 and a high of $10.59.

QVIDTVM Management LLC lifted its holdings in shares of Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) by 10.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 420,129 shares of the company's stock after acquiring an additional 41,343 shares during the quarter. Ermenegildo Zegna makes up 2.7% of QVIDTVM Management LLC's portfolio, making the stock its 7th biggest position. QVIDTVM Management LLC owned 0.10% of Ermenegildo Zegna worth $3,109,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Mirabella Financial Services LLP bought a new position in Ermenegildo Zegna in the 4th quarter worth $87,000. Vident Advisory LLC purchased a new stake in Ermenegildo Zegna in the fourth quarter worth about $126,000. Aquatic Capital Management LLC purchased a new stake in Ermenegildo Zegna in the fourth quarter worth about $144,000. Entropy Technologies LP boosted its position in Ermenegildo Zegna by 95.2% during the 1st quarter. Entropy Technologies LP now owns 19,892 shares of the company's stock valued at $147,000 after acquiring an additional 9,700 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Ermenegildo Zegna during the 1st quarter worth approximately $186,000. Institutional investors own 12.91% of the company's stock.

Ermenegildo Zegna Stock Up 2.8%

Shares of NYSE:ZGN traded up $0.22 during trading on Tuesday, hitting $7.93. The stock had a trading volume of 560,305 shares, compared to its average volume of 909,476. The company has a market capitalization of $3.23 billion, a PE ratio of 14.95, a PEG ratio of 2.90 and a beta of 0.72. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The firm's fifty day moving average is $8.68 and its 200 day moving average is $8.24. Ermenegildo Zegna N.V. has a 12 month low of $6.05 and a 12 month high of $10.59.

Ermenegildo Zegna Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, July 29th. Shareholders of record on Monday, July 7th were issued a $0.1361 dividend. This represents a yield of 150.0%. This is a positive change from Ermenegildo Zegna's previous annual dividend of $0.12. The ex-dividend date was Monday, July 7th.

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.