North Reef Capital Management LP Boosts Stock Position in Acadian Asset Management Inc. $AAMI

Key Points

• North Reef Capital boosted its stake in Acadian Asset Management by 6.6% in Q3 to 511,452 shares (about $24.63M), representing roughly 1.43% ownership and the firm's 19th-largest holding.
• Two directors sold sizable positions recently — Barbara Trebbi sold 9,691 shares and Robert J. Chersi sold 28,753 shares, cutting their ownership by about 21% and 43%, respectively — while company insiders still hold 26.0% of the stock.
• Acadian raised its quarterly dividend to $0.10 (annualized $0.40, ~0.8% yield), and analyst coverage is mixed: the consensus is a "Hold" with an average price target of $52, though some firms raised targets (RBC $54, Morgan Stanley $50) and one upgraded to "Buy."

North Reef Capital Management LP boosted its holdings in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 511,452 shares of the company's stock after purchasing an additional 31,452 shares during the period. Acadian Asset Management comprises approximately 1.2% of North Reef Capital Management LP's holdings, making the stock its 19th largest holding. North Reef Capital Management LP owned about 1.43% of Acadian Asset Management worth $24,632,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new stake in shares of Acadian Asset Management in the 2nd quarter worth approximately $31,000. Raymond James Financial Inc. bought a new stake in Acadian Asset Management in the second quarter valued at $61,000. WealthCollab LLC purchased a new position in Acadian Asset Management during the 2nd quarter valued at $65,000. Ameritas Investment Partners Inc. bought a new position in Acadian Asset Management in the 2nd quarter worth $95,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Acadian Asset Management in the 2nd quarter worth about $97,000. Institutional investors own 98.69% of the company's stock.

Insider Buying and Selling

In other news, Director Barbara Trebbi sold 9,691 shares of Acadian Asset Management stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total transaction of $496,373.02. Following the completion of the sale, the director directly owned 35,771 shares in the company, valued at approximately $1,832,190.62. This trade represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Chersi sold 28,753 shares of the business's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the sale, the director directly owned 37,384 shares of the company's stock, valued at $1,917,799.20. This represents a 43.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 26.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AAMI shares. Royal Bank Of Canada increased their price target on shares of Acadian Asset Management from $52.00 to $54.00 and gave the stock a "sector perform" rating in a research note on Friday, February 6th. Morgan Stanley increased their target price on Acadian Asset Management from $49.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 3rd. Wall Street Zen upgraded Acadian Asset Management from a "hold" rating to a "buy" rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Acadian Asset Management in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $52.00.

Acadian Asset Management Stock Up 0.7%

AAMI stock opened at $50.80 on Tuesday. The firm's fifty day simple moving average is $52.92 and its two-hundred day simple moving average is $48.88. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 22.99 and a beta of 1.32. Acadian Asset Management Inc. has a twelve month low of $22.60 and a twelve month high of $57.03.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.06). Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The firm had revenue of $169.70 million for the quarter. As a group, equities research analysts expect that Acadian Asset Management Inc. will post 2.78 EPS for the current year.

Acadian Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Acadian Asset Management's previous quarterly dividend of $0.01. Acadian Asset Management's dividend payout ratio is 18.10%.

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.

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