Pzena Investment Management is a holding company. Through its subsidiaries, Co. is an investment management firm. Co. manages assets in a variety of investment strategies across a range of market capitalizations in both U.S. and non-U.S. capital markets. Co. manages separate accounts on behalf of institutions, acts as sub-investment adviser for a variety of Securities and Exchange Commission-registered mutual funds and non-U.S. funds, and acts as investment adviser for the Pzena mutual funds, certain private placement funds and non-U.S. funds. Co. functions as the sole managing member of its operating company, Pzena Investment Management, LLC. We show 52 historical shares outstanding datapoints in our PZN shares outstanding history coverage, used to compute PZN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PZN market cap history over the course of time is important for investors
interested in comparing PZN's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PZN versus a peer is one thing; comparing
PZN market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PZN can fluctuate over the course of history.
With this page we aim to empower investors researching PZN by allowing them to research the PZN market cap history. |
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Video: The Importance of Market Cap
