Brant Point Investment Management LLC Cuts Stock Position in Acadian Asset Management Inc. $AAMI

Brant Point Investment Management LLC reduced its position in Acadian Asset Management Inc. (NYSE:AAMI) by 50.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the company’s stock after selling 30,000 shares during the quarter. Brant Point Investment Management LLC’s holdings in Acadian Asset Management were worth $1,410,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Lido Advisors LLC boosted its holdings in shares of Acadian Asset Management by 3.5% in the 4th quarter. Lido Advisors LLC now owns 8,922 shares of the company’s stock worth $427,000 after purchasing an additional 298 shares in the last quarter. State of Wyoming grew its position in Acadian Asset Management by 5.8% during the 4th quarter. State of Wyoming now owns 9,274 shares of the company’s stock worth $436,000 after acquiring an additional 511 shares during the last quarter. Transamerica Financial Advisors LLC grew its position in Acadian Asset Management by 380.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after acquiring an additional 635 shares during the last quarter. Franklin Resources Inc. grew its position in Acadian Asset Management by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 42,986 shares of the company’s stock worth $2,020,000 after acquiring an additional 653 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in Acadian Asset Management by 5.4% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 15,435 shares of the company’s stock worth $743,000 after acquiring an additional 794 shares during the last quarter. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the company’s stock in a transaction that occurred on 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 owned 73,863 shares of the company’s stock, valued at $4,946,605.11. This represents a 57.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 22.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Acadian Asset Management Price Performance

AAMI opened at $78.51 on Friday. The business has a 50 day simple moving average of $68.72 and a two-hundred day simple moving average of $57.12. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 33.41 and a beta of 1.32. Acadian Asset Management Inc. has a one year low of $30.98 and a one year high of $79.15.

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

Acadian Asset Management Dividend Announcement

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

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.