NEW YORK (AP) _ Pzena Investment Management Inc. (PZN) on Tuesday reported third-quarter profit of $2.7 million.

On a per-share basis, the New York-based company said it had net income of 16 cents.

The asset manager posted revenue of $33.9 million in the period.

Pzena shares have dropped 38% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.35, a drop of 35% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PZN at https://www.zacks.com/ap/PZN

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