Acadian Asset Management (NYSE:AAMI) Shares Gap Down – Here’s Why

Shares of Acadian Asset Management Inc. (NYSE:AAMI) gapped down prior to trading on Thursday . The stock had previously closed at $82.72, but opened at $75.88. Acadian Asset Management shares last traded at $72.9460, with a volume of 498,782 shares.

Wall Street Analyst Weigh In

AAMI has been the subject of several recent research reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $66.00 target price on shares of Acadian Asset Management in a research report on Wednesday, May 20th. Evercore set a $80.00 target price on shares of Acadian Asset Management in a research report on Monday, June 8th. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Zacks Research downgraded shares of Acadian Asset Management from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. Finally, Weiss Ratings downgraded shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Acadian Asset Management has an average rating of “Hold” and an average price target of $68.67.

Acadian Asset Management Price Performance

The stock’s 50 day moving average price is $70.31 and its two-hundred day moving average price is $57.98. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 31.37 and a beta of 1.32.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. The business had revenue of $165.00 million during the quarter. As a group, equities research analysts anticipate that Acadian Asset Management Inc. will post 4.84 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, June 12th. Acadian Asset Management’s payout ratio is presently 17.02%.

Insider Buying and Selling at Acadian Asset Management

In other news, CAO Richard Jonathan Hart sold 100,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $66.97, for a total value of $6,697,000.00. Following the completion of the sale, the chief accounting officer directly owned 73,863 shares in the company, valued at approximately $4,946,605.11. The trade was a 57.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 22.60% of the company’s stock.

Hedge Funds Weigh In On Acadian Asset Management

Large investors have recently bought and sold shares of the stock. Transamerica Financial Advisors LLC raised its stake in Acadian Asset Management by 380.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after purchasing an additional 635 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in Acadian Asset Management during the 2nd quarter valued at $31,000. Raymond James Financial Inc. acquired a new position in Acadian Asset Management during the 2nd quarter valued at $61,000. WealthCollab LLC acquired a new position in Acadian Asset Management during the 2nd quarter valued at $65,000. Finally, Kestra Advisory Services LLC acquired a new position in Acadian Asset Management during the 4th quarter valued at $119,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

About Acadian Asset Management

Acadian Asset Management is a global investment management firm specializing in quantitative research and systematic strategies. Since its founding in 1986, the firm has developed data-driven models designed to identify and capture investment opportunities across equity and fixed income markets. By integrating advanced analytics, proprietary risk management tools and a disciplined investment process, Acadian seeks to deliver consistent performance for institutional clients.

The firm’s core offerings include institutional equity portfolios, fixed income strategies and multi-asset solutions.