Two Sigma Advisers LP Buys 285,900 Shares of Ermenegildo Zegna (NYSE:ZGN)

Two Sigma Advisers LP boosted its stake in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) by 157.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,000 shares of the company's stock after acquiring an additional 285,900 shares during the quarter. Two Sigma Advisers LP owned 0.12% of Ermenegildo Zegna worth $3,857,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ZGN. SBI Securities Co. Ltd. acquired a new position in Ermenegildo Zegna during the fourth quarter worth $28,000. Entropy Technologies LP acquired a new position in Ermenegildo Zegna during the fourth quarter worth $84,000. Mirabella Financial Services LLP acquired a new position in Ermenegildo Zegna during the fourth quarter worth $87,000. Aquatic Capital Management LLC acquired a new position in Ermenegildo Zegna during the fourth quarter worth $144,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Ermenegildo Zegna during the fourth quarter worth $151,000. 12.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, TD Cowen initiated coverage on Ermenegildo Zegna in a research note on Tuesday, February 18th. They set a "hold" rating and a $10.00 price objective for the company.

Ermenegildo Zegna Price Performance

Shares of NYSE:ZGN traded up $0.19 during midday trading on Thursday, reaching $8.65. The company's stock had a trading volume of 849,191 shares, compared to its average volume of 711,130. The business's fifty day simple moving average is $7.63 and its 200-day simple moving average is $8.05. The company has a market capitalization of $3.52 billion, a P/E ratio of 16.32 and a beta of 0.72. Ermenegildo Zegna has a fifty-two week low of $6.05 and a fifty-two week high of $12.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.41 and a quick ratio of 0.79.

Ermenegildo Zegna Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, July 29th. Investors of record on Monday, July 7th will be issued a $0.1361 dividend. This is a boost from Ermenegildo Zegna's previous annual dividend of $0.12. The ex-dividend date is Monday, July 7th. This represents a yield of 1.5%. Ermenegildo Zegna's dividend payout ratio (DPR) is currently 22.64%.

Ermenegildo Zegna 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.