Brant Point Investment Management LLC Sells 30,000 Shares of Acadian Asset Management Inc. $AAMI

Brant Point Investment Management LLC cut its position in Acadian Asset Management Inc. (NYSE:AAMI) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the company’s stock after selling 30,000 shares during the quarter. Brant Point Investment Management LLC owned about 0.08% of Acadian Asset Management worth $1,410,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AAMI. EverSource Wealth Advisors LLC bought a new stake in shares of Acadian Asset Management in the second quarter valued at $31,000. Transamerica Financial Advisors LLC raised its stake in shares of Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after buying an additional 635 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Acadian Asset Management in the second quarter valued at $61,000. WealthCollab LLC bought a new stake in shares of Acadian Asset Management in the second quarter valued at $65,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Acadian Asset Management in the second quarter valued at $97,000. 98.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Richard Jonathan Hart sold 100,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the completion of the transaction, the chief accounting officer directly owned 73,863 shares in the company, valued at $4,946,605.11. The trade was a 57.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.60% of the stock is currently owned by insiders.

Acadian Asset Management Stock Up 1.0%

Acadian Asset Management stock opened at $78.51 on Friday. Acadian Asset Management Inc. has a 52 week low of $30.98 and a 52 week high of $79.15. The business has a 50-day simple moving average of $68.72 and a 200 day simple moving average of $57.12. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 33.41 and a beta of 1.32.

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

Acadian Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, June 12th. Acadian Asset Management’s payout ratio is presently 17.02%.

Analysts Set New Price Targets

A number of research firms recently issued reports on AAMI. Zacks Research lowered Acadian Asset Management from a “hold” rating to a “strong sell” rating in a research note on Friday, June 5th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $66.00 price objective on shares of Acadian Asset Management in a research note on Wednesday, May 20th. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Morgan Stanley boosted their price objective on Acadian Asset Management from $54.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Finally, Evercore set a $80.00 price objective on Acadian Asset Management in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $68.67.

Acadian Asset Management Company Profile

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.