Concurrent Investment Advisors LLC Takes $468,000 Position in Acadian Asset Management Inc. $AAMI

Concurrent Investment Advisors LLC bought a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 9,718 shares of the company’s stock, valued at approximately $468,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAMI. Signaturefd LLC acquired a new position in shares of Acadian Asset Management in the second quarter worth approximately $25,000. EverSource Wealth Advisors LLC bought a new position in shares of Acadian Asset Management during the 2nd quarter worth about $31,000. GAMMA Investing LLC acquired a new stake in Acadian Asset Management in the second quarter valued at approximately $37,000. Public Employees Retirement System of Ohio acquired a new stake in Acadian Asset Management in the 2nd quarter valued at $44,000. Finally, CWM LLC acquired a new position in shares of Acadian Asset Management during the second quarter valued at about $55,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on AAMI shares. Zacks Research downgraded shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Wall Street Zen lowered Acadian Asset Management from a “buy” rating to a “hold” rating in a research report on Sunday. Evercore ISI set a $52.00 target price on Acadian Asset Management in a research note on Thursday, November 6th. Finally, Morgan Stanley increased their price target on shares of Acadian Asset Management from $46.00 to $49.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $47.67.

Acadian Asset Management Stock Performance

Shares of AAMI opened at $54.47 on Tuesday. Acadian Asset Management Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $55.10. The business has a 50-day moving average of $47.28 and a 200 day moving average of $46.06. The firm has a market cap of $1.95 billion, a P/E ratio of 22.98 and a beta of 1.31.

Acadian Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 12th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. Acadian Asset Management’s payout ratio is 1.69%.

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.