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

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) declared a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Investors of record on Friday, September 12th will be given a dividend of 0.01 per share on Friday, September 26th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 12th.

Acadian Asset Management Stock Up 5.5%

Shares of AAMI stock traded up $2.25 on Tuesday, hitting $42.87. 167,266 shares of the company's stock traded hands, compared to its average volume of 241,413. The firm's fifty day moving average is $35.32. Acadian Asset Management has a one year low of $21.49 and a one year high of $43.09. The stock has a market cap of $1.53 billion, a PE ratio of 17.86 and a beta of 1.38.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.12. Acadian Asset Management had a net margin of 16.65% and a return on equity of 174.31%. The company had revenue of $124.90 million for the quarter, compared to analysts' expectations of $118.07 million. As a group, equities research analysts anticipate that Acadian Asset Management will post 2.78 EPS for the current year.

About Acadian Asset Management

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.