26,404 Shares in Acadian Asset Management Inc. $AAMI Bought by Brant Point Investment Management LLC

Brant Point Investment Management LLC bought a new stake in Acadian Asset Management Inc. (NYSE:AAMI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 26,404 shares of the company’s stock, valued at approximately $930,000. Brant Point Investment Management LLC owned about 0.07% of Acadian Asset Management at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AAMI. Exchange Traded Concepts LLC bought a new stake in shares of Acadian Asset Management in the 2nd quarter valued at about $1,882,000. GAMMA Investing LLC purchased a new stake in Acadian Asset Management during the second quarter valued at approximately $37,000. Public Employees Retirement System of Ohio purchased a new stake in Acadian Asset Management during the second quarter valued at approximately $44,000. State of Alaska Department of Revenue acquired a new stake in Acadian Asset Management in the second quarter valued at approximately $562,000. Finally, Kendall Capital Management purchased a new position in Acadian Asset Management in the second quarter worth $357,000. 98.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley reiterated a “positive” rating on shares of Acadian Asset Management in a report on Monday, October 6th. Zacks Research lowered Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Wall Street Zen downgraded Acadian Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, November 24th. Finally, Evercore ISI set a $52.00 price objective on shares of Acadian Asset Management in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.67.

Acadian Asset Management Price Performance

Shares of AAMI stock opened at $46.71 on Monday. The business has a fifty day moving average of $45.63 and a 200 day moving average of $42.26. Acadian Asset Management Inc. has a 1 year low of $22.60 and a 1 year high of $54.99. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 19.71 and a beta of 1.32.

Acadian Asset Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Friday, December 12th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, December 12th. Acadian Asset Management’s dividend payout ratio (DPR) is presently 1.69%.

Acadian Asset Management Profile

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.