Acadian Asset Management Inc. (NYSE:AAMI) Announces Quarterly Dividend of $0.10

Key Points

• Quarterly dividend: Acadian declared a $0.10 quarterly dividend (ex-dividend and record date: June 12), payable June 26, implying a yield of about 0.6%.
• Earnings beat: The firm reported Q results of $1.05 EPS versus $0.94 expected on $165 million revenue, with reported net margin of 14.2% and very high return on equity of 165.9%.
• Insider selling: Two directors sold shares in February (Robert Chersi ~$1.48M; Barbara Trebbi ~$496k), reducing their stakes, though insiders still own about 26% of the company.

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, June 12th will be given a dividend of 0.10 per share on Friday, June 26th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, June 12th.

Acadian Asset Management has decreased its dividend by an average of 0.2%annually over the last three years.

Acadian Asset Management Stock Performance

AAMI traded down $0.99 during trading on Friday, reaching $66.36. 39,226 shares of the company traded hands, compared to its average volume of 286,566. The company has a market cap of $2.37 billion, a P/E ratio of 30.01 and a beta of 1.26. Acadian Asset Management has a 12-month low of $27.35 and a 12-month high of $69.87. The firm has a fifty day simple moving average of $57.36 and a 200 day simple moving average of $51.67.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released 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. The firm had revenue of $165.00 million for the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. As a group, sell-side analysts expect that Acadian Asset Management will post 4.84 earnings per share for the current fiscal year.

Insider Transactions at Acadian Asset Management

In other news, Director Robert J. Chersi sold 28,753 shares of the business's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total value of $1,475,028.90. Following the sale, the director directly owned 37,384 shares in the company, valued at $1,917,799.20. The trade was a 43.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barbara Trebbi sold 9,691 shares of the company's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total transaction of $496,373.02. Following the sale, the director owned 35,771 shares in the company, valued at $1,832,190.62. This represents a 21.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 26.00% of the company's stock.

Hedge Funds Weigh In On Acadian Asset Management

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in Acadian Asset Management in the second quarter worth $6,964,000. American Century Companies Inc. bought a new stake in shares of Acadian Asset Management in the 2nd quarter worth about $1,773,000. Russell Investments Group Ltd. purchased a new position in shares of Acadian Asset Management during the 2nd quarter worth about $97,000. New York State Common Retirement Fund purchased a new position in shares of Acadian Asset Management during the 2nd quarter worth about $299,000. Finally, Quantbot Technologies LP bought a new position in Acadian Asset Management during the 2nd quarter valued at about $436,000. Institutional investors own 98.69% of the company's stock.

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.

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