Acadian Asset Management Inc. (NYSE:AAMI) Announces $0.01 Quarterly Dividend

Key Points

• Acadian Asset Management Inc. has announced a quarterly dividend of $0.01 per share, which will be paid on September 26th to shareholders of record as of September 12th.
• The company's stock price decreased by 4.9%, trading at $39.74, while maintaining a market capitalization of approximately $1.42 billion and a PE ratio of 16.49.
• Acadian reported earnings of $0.64 per share for the previous quarter, exceeding analysts' expectations, with revenues of $124.90 million compared to estimates of $118.07 million.

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) announced a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Shareholders of record on Friday, September 12th will be paid a dividend of 0.01 per share on Friday, September 26th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, September 12th.

Acadian Asset Management Trading Down 4.9%

AAMI stock traded down $2.05 during midday trading on Friday, reaching $39.74. 375,126 shares of the company's stock traded hands, compared to its average volume of 241,722. Acadian Asset Management has a 52-week low of $21.49 and a 52-week high of $42.63. The company has a market cap of $1.42 billion, a PE ratio of 16.49 and a beta of 1.36. The stock's 50-day moving average is $34.88.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.12. Acadian Asset Management had a net margin of 17.41% and a return on equity of 299.86%. The firm had revenue of $124.90 million during the quarter, compared to analyst estimates of $118.07 million. Sell-side analysts anticipate that Acadian Asset Management will post 2.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Acadian Asset Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAMI. Exchange Traded Concepts LLC bought a new stake in Acadian Asset Management during the 2nd quarter valued at about $1,882,000. GAMMA Investing LLC bought a new stake in Acadian Asset Management during the 2nd quarter valued at about $37,000. Public Employees Retirement System of Ohio bought a new stake in Acadian Asset Management during the 2nd quarter valued at about $44,000. State of Alaska Department of Revenue bought a new stake in Acadian Asset Management during the 2nd quarter valued at about $562,000. Finally, Kendall Capital Management purchased a new position in Acadian Asset Management during the 2nd quarter valued at about $357,000. Institutional investors own 98.69% of the company's stock.

Acadian Asset Management Company 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.

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