Tabor Asset Management LP Sells 259,127 Shares of Ermenegildo Zegna N.V. (NYSE:ZGN)

Tabor Asset Management LP lowered its stake in Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) by 27.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 700,516 shares of the company's stock after selling 259,127 shares during the quarter. Ermenegildo Zegna comprises about 1.3% of Tabor Asset Management LP's portfolio, making the stock its 18th biggest holding. Tabor Asset Management LP owned 0.17% of Ermenegildo Zegna worth $5,184,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Public Investment Fund grew its holdings in Ermenegildo Zegna by 57.3% during the fourth quarter. Public Investment Fund now owns 5,834,324 shares of the company's stock valued at $48,192,000 after purchasing an additional 2,124,128 shares during the last quarter. Alpine Investment Management Ltd acquired a new position in shares of Ermenegildo Zegna during the 4th quarter worth about $7,100,000. Osborne Partners Capital Management LLC bought a new position in shares of Ermenegildo Zegna during the 1st quarter valued at about $4,984,000. Invesco Ltd. raised its stake in shares of Ermenegildo Zegna by 10.0% during the 4th quarter. Invesco Ltd. now owns 6,386,184 shares of the company's stock worth $52,750,000 after purchasing an additional 581,696 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Ermenegildo Zegna during the 4th quarter valued at $4,172,000. 12.91% of the stock is owned by institutional investors and hedge funds.

Ermenegildo Zegna Trading Down 2.5%

Shares of ZGN traded down $0.24 during mid-day trading on Thursday, reaching $9.27. 412,667 shares of the company were exchanged, compared to its average volume of 1,038,348. The stock has a market capitalization of $3.78 billion, a PE ratio of 17.48 and a beta of 0.73. The business has a 50 day simple moving average of $8.77 and a two-hundred day simple moving average of $8.24. 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 52 week low of $6.05 and a 52 week high of $11.52.

Ermenegildo Zegna Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Monday, July 7th will be paid a $0.1361 dividend. The ex-dividend date of this dividend is Monday, July 7th. This is a positive change from Ermenegildo Zegna's previous annual dividend of $0.12. This represents a dividend 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.