Pallas Capital Advisors LLC Grows Position in ZoomInfo Technologies Inc. $ZI

Key Points

• Pallas Capital Advisors LLC increased its stake in ZoomInfo Technologies Inc. by 43.9% during the second quarter, owning 82,721 shares worth approximately $837,000.
• Other institutional investors, including Parallel Advisors LLC with a 143.6% increase in its stake and new positions from OMNI 360 Wealth Inc. and Kera Capital Partners Inc., also boosted their holdings in the company.
• ZoomInfo's stock is currently valued at $12.14 with a market cap of $4.16 billion, demonstrating resilience with a 52-week low of $7.01 and a high of $13.39.

Pallas Capital Advisors LLC boosted its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 43.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,721 shares of the company's stock after purchasing an additional 25,241 shares during the quarter. Pallas Capital Advisors LLC's holdings in ZoomInfo Technologies were worth $837,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its stake in shares of ZoomInfo Technologies by 10,360.8% in the 4th quarter. Lazard Asset Management LLC now owns 18,934 shares of the company's stock worth $197,000 after acquiring an additional 18,753 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of ZoomInfo Technologies by 8.4% in the 4th quarter. Two Sigma Advisers LP now owns 602,000 shares of the company's stock worth $6,327,000 after acquiring an additional 46,500 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter worth $308,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of ZoomInfo Technologies by 17.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 936,601 shares of the company's stock worth $9,844,000 after acquiring an additional 139,629 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter worth $150,000. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Trading Up 1.2%

Shares of ZI traded up $0.14 during midday trading on Tuesday, reaching $11.97. The company had a trading volume of 2,698,907 shares, compared to its average volume of 7,578,001. The stock has a market cap of $4.10 billion, a PE ratio of 399.13, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $13.39. The firm has a 50 day simple moving average of $10.69 and a 200-day simple moving average of $9.97.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.