25,132 Shares in Ermenegildo Zegna N.V. (NYSE:ZGN) Acquired by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in shares of Ermenegildo Zegna N.V. (NYSE:ZGN) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 25,132 shares of the company’s stock, valued at approximately $186,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Mirabella Financial Services LLP purchased a new position in Ermenegildo Zegna in the 4th quarter valued at approximately $87,000. Vident Advisory LLC purchased a new position in Ermenegildo Zegna in the 4th quarter valued at approximately $126,000. Aquatic Capital Management LLC purchased a new position in Ermenegildo Zegna in the 4th quarter valued at approximately $144,000. Entropy Technologies LP boosted its position in Ermenegildo Zegna by 95.2% in the 1st quarter. Entropy Technologies LP now owns 19,892 shares of the company’s stock valued at $147,000 after buying an additional 9,700 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Ermenegildo Zegna in the 1st quarter valued at approximately $229,000. Hedge funds and other institutional investors own 12.91% of the company’s stock.

Ermenegildo Zegna Stock Performance

Shares of ZGN stock opened at $8.05 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Ermenegildo Zegna N.V. has a 52 week low of $6.05 and a 52 week high of $10.59. The stock has a market capitalization of $3.28 billion, a PE ratio of 15.19, a P/E/G ratio of 3.05 and a beta of 0.72. The firm has a 50 day moving average of $8.65 and a two-hundred day moving average of $8.23.

Ermenegildo Zegna Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, July 29th. Stockholders of record on Monday, July 7th were given a dividend of $0.1361 per share. This is an increase from Ermenegildo Zegna’s previous annual dividend of $0.12. The ex-dividend date of this dividend was Monday, July 7th. This represents a dividend yield of 150.0%. Ermenegildo Zegna’s dividend payout ratio is presently 26.42%.

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.