QVIDTVM Management LLC Purchases 41,343 Shares of 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 grew its holdings in shares of Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) by 10.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 420,129 shares of the company's stock after buying an additional 41,343 shares during the quarter. Ermenegildo Zegna accounts for about 2.7% of QVIDTVM Management LLC's investment portfolio, making the stock its 7th biggest position. QVIDTVM Management LLC owned 0.10% of Ermenegildo Zegna worth $3,109,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Mirabella Financial Services LLP purchased a new position in Ermenegildo Zegna in the 4th quarter worth approximately $87,000. Vident Advisory LLC purchased a new stake in shares of Ermenegildo Zegna in the fourth quarter valued at about $126,000. Aquatic Capital Management LLC purchased a new stake in shares of Ermenegildo Zegna in the fourth quarter valued at about $144,000. Entropy Technologies LP grew its position in Ermenegildo Zegna by 95.2% during the first quarter. Entropy Technologies LP now owns 19,892 shares of the company's stock worth $147,000 after buying an additional 9,700 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in shares of Ermenegildo Zegna in the first quarter valued at approximately $186,000. Hedge funds and other institutional investors own 12.91% of the company's stock.

Ermenegildo Zegna Trading Down 0.3%

Shares of ZGN traded down $0.03 on Friday, hitting $8.10. 111,827 shares of the stock traded hands, compared to its average volume of 1,021,417. 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 has a market capitalization of $3.30 billion, a P/E ratio of 15.27, a P/E/G ratio of 3.08 and a beta of 0.72. The stock's 50 day moving average is $8.66 and its two-hundred day moving average is $8.23. Ermenegildo Zegna N.V. has a 1 year low of $6.05 and a 1 year high of $10.59.

Ermenegildo Zegna Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, July 29th. Shareholders of record on Monday, July 7th were paid a dividend of $0.1361 per share. This is an increase from Ermenegildo Zegna's previous annual dividend of $0.12. This represents a yield of 150.0%. The ex-dividend date of this dividend was Monday, July 7th.

Ermenegildo Zegna Company Profile

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.