Yousif Capital Management LLC Makes New $360,000 Investment in Acadian Asset Management Inc. $AAMI

Key Points

• Yousif Capital Management LLC has made a new investment of approximately $360,000 in Acadian Asset Management, purchasing 10,219 shares in the second quarter.
• Several other institutional investors also acquired significant stakes in Acadian Asset Management, bringing total institutional ownership to 98.69%.
• Analysts maintain a consensus rating of "Moderate Buy" for Acadian Asset Management, with a target price of $44.33.

Yousif Capital Management LLC purchased a new stake in Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,219 shares of the company's stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in Acadian Asset Management in the second quarter valued at approximately $7,512,000. CWM LLC purchased a new stake in Acadian Asset Management in the second quarter valued at $55,000. Blue Trust Inc. acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at $57,000. Maryland State Retirement & Pension System purchased a new position in shares of Acadian Asset Management during the 2nd quarter worth $278,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $635,000. Institutional investors and hedge funds own 98.69% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AAMI. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Acadian Asset Management in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on shares of Acadian Asset Management from $34.00 to $42.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. Wall Street Zen downgraded shares of Acadian Asset Management from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 18th. Zacks Research cut Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, Evercore ISI restated a "positive" rating on shares of Acadian Asset Management in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.33.

Acadian Asset Management Trading Down 0.2%

Shares of AAMI stock opened at $47.09 on Friday. Acadian Asset Management Inc. has a 12 month low of $22.60 and a 12 month high of $51.65. The company has a market cap of $1.69 billion, a P/E ratio of 19.62 and a beta of 1.39. The firm has a fifty day moving average price of $47.60 and a 200 day moving average price of $38.21.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.12. The company had revenue of $124.90 million for the quarter, compared to analyst estimates of $118.07 million. Acadian Asset Management had a return on equity of 174.31% and a net margin of 16.65%. On average, equities analysts forecast that Acadian Asset Management Inc. will post 2.78 EPS for the current year.

Acadian Asset Management Dividend Announcement

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

Acadian Asset Management 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.

Want to see what other hedge funds are holding AAMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acadian Asset Management Inc. (NYSE:AAMI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.