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Investment PZENA Management ● Pzena reports third quarter 2021 Diluted EPS of $ 0.27 . Assets under management ends the third quarter at $ 50.8 billion . Q3 2021 revenue increases 52 percent to $ 51.6 million from Q3 2020 . Board declares a quarterly dividend of $ 0.03 per share . NEW YORK , October 19 , 2021 - Pzena Investment Management , Inc. ( NYSE : PZN ) reported the following U.S. Generally Accepted Accounting Principles ( GAAP ) basic and diluted net income and earnings per share for the three and nine months ended September 30 , 2021 and 2020 ( in thousands , except per - share amounts ) : Basic Net Income Basic Earnings per Share PZENA INVESTMENT MANAGEMENT , INC . REPORTS RESULTS FOR THE THIRD QUARTER OF 2021 Diluted Net Income Diluted Earnings per Share Basic Net Income Basic Earnings per Share Diluted Net Income¹ Diluted Earnings per Share¹ $ $ $ $ 1 $ $ $ $ GAAP Basis For the Three Months Ended September 30 , 2021 ( unaudited ) 5,068 $ 0.29 $ 2021 22,663 $ 0.27 $ GAAP Basis For the Nine Months Ended September 30 , ( unaudited ) 13,858 $ 0.80 $ 2020 63,571 $ 0.76 $ 2020 2,664 0.16 12,374 0.16 4,862 0.28 4,862 0.28 1 During the nine months ended September 30 , 2020 , the calculation of GAAP diluted earnings per share resulted in an increase in earnings per share . Therefore , diluted net income and diluted earnings per share are assumed to be equal to basic net income and basic earnings per share . GAAP diluted net income and GAAP diluted earnings per share were $ 22.7 million and $ 0.27 , respectively , for the three months ended September 30 , 2021 , and $ 12.4 million and $ 0.16 , respectively , for the three months ended September 30 , 2020. GAAP diluted net income and GAAP diluted earnings per share were $ 63.6 million and $ 0.76 , respectively , for the nine months ended September 30 , 2021 , and $ 4.9 million and $ 0.28 , respectively , for the nine months ended September 30 , 2020 .