Louisiana State Employees Retirement System Purchases New Stake in Acadian Asset Management Inc. $AAMI

Louisiana State Employees Retirement System acquired a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,700 shares of the company’s stock, valued at approximately $637,000.

Several other hedge funds have also added to or reduced their stakes in AAMI. Tudor Investment Corp ET AL increased its stake in shares of Acadian Asset Management by 42.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 225,579 shares of the company’s stock worth $10,864,000 after purchasing an additional 67,385 shares during the last quarter. SG Americas Securities LLC lifted its stake in Acadian Asset Management by 1,414.9% in the fourth quarter. SG Americas Securities LLC now owns 359,613 shares of the company’s stock valued at $16,902,000 after purchasing an additional 335,874 shares during the last quarter. Strs Ohio purchased a new position in Acadian Asset Management in the fourth quarter valued at approximately $738,000. North Reef Capital Management LP grew its holdings in Acadian Asset Management by 6.6% during the third quarter. North Reef Capital Management LP now owns 511,452 shares of the company’s stock valued at $24,632,000 after purchasing an additional 31,452 shares during the period. Finally, Impax Asset Management Group plc increased its position in Acadian Asset Management by 10.4% in the fourth quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock worth $39,736,000 after buying an additional 79,967 shares during the last quarter. Institutional investors own 98.69% of the company’s stock.

Insider Activity at Acadian Asset Management

In other news, CAO Richard Jonathan Hart sold 100,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the sale, the chief accounting officer owned 73,863 shares in the company, valued at approximately $4,946,605.11. This trade represents a 57.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 22.60% of the stock is owned by insiders.

Acadian Asset Management Price Performance

AAMI opened at $78.36 on Wednesday. The firm has a market capitalization of $2.79 billion, a P/E ratio of 33.34 and a beta of 1.32. Acadian Asset Management Inc. has a one year low of $37.21 and a one year high of $85.73. The company has a fifty day moving average price of $72.80 and a 200-day moving average price of $60.63.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, beating 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 firm had revenue of $165.00 million for the quarter. On average, analysts expect that Acadian Asset Management Inc. will post 5.11 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, June 12th. Acadian Asset Management’s payout ratio is currently 17.02%.

Wall Street Analyst Weigh In

AAMI has been the topic of a number of recent research reports. Royal Bank Of Canada upped their price target on Acadian Asset Management from $66.00 to $72.00 and gave the company a “sector perform” rating in a research report on Thursday, July 2nd. Evercore set a $80.00 price objective on shares of Acadian Asset Management in a report on Monday, June 8th. Morgan Stanley lifted their target price on shares of Acadian Asset Management from $60.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. 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. Finally, Weiss Ratings downgraded shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Acadian Asset Management presently has a consensus rating of “Hold” and a consensus target price of $76.67.

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.