William Blair Investment Management LLC Acquires New Position in Acadian Asset Management Inc. $AAMI

Key Points

• William Blair Investment Management LLC has acquired a new position in Acadian Asset Management, purchasing 712,082 shares valued at approximately $25 million, giving it a 1.99% ownership stake in the company.
• Acadian Asset Management recently reported earnings of $0.64 per share, exceeding analysts' estimates by $0.12, and achieved revenues of $124.9 million for the quarter.
• The company declared a quarterly dividend of $0.01 per share, marking a 0.1% dividend yield, while a significant majority of its stock, at 98.69%, is owned by institutional investors.

William Blair Investment Management LLC bought a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 712,082 shares of the company's stock, valued at approximately $25,094,000. William Blair Investment Management LLC owned 1.99% of Acadian Asset Management as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in Acadian Asset Management during the 2nd quarter valued at about $7,512,000. Exchange Traded Concepts LLC acquired a new position in Acadian Asset Management during the 2nd quarter valued at about $1,882,000. SummerHaven Investment Management LLC acquired a new position in Acadian Asset Management during the 2nd quarter valued at about $1,248,000. Allianz Asset Management GmbH acquired a new position in Acadian Asset Management during the 2nd quarter valued at about $1,169,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Acadian Asset Management during the 2nd quarter valued at about $635,000. 98.69% of the stock is owned by institutional investors and hedge funds.

Acadian Asset Management Price Performance

AAMI stock opened at $46.31 on Monday. Acadian Asset Management Inc. has a 52-week low of $22.60 and a 52-week high of $51.65. The company's 50 day simple moving average is $47.58 and its 200-day simple moving average is $37.74. The firm has a market capitalization of $1.66 billion, a P/E ratio of 19.30 and a beta of 1.39.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $124.90 million for the quarter, compared to analyst estimates of $118.07 million. Sell-side analysts predict that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Acadian Asset Management's payout ratio is currently 1.67%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AAMI shares. Wall Street Zen lowered shares of Acadian Asset Management from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Morgan Stanley reissued a "positive" rating on shares of Acadian Asset Management in a research note on Monday, October 6th. Zacks Research lowered shares of Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 3rd. Evercore ISI reissued a "positive" rating on shares of Acadian Asset Management in a research note on Friday, September 5th. Finally, Royal Bank Of Canada increased their target price on shares of Acadian Asset Management from $34.00 to $42.00 and gave the company a "sector perform" rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $44.33.

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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