Empyrean Capital Partners LP Lowers Position in Acadian Asset Management Inc. $AAMI

Empyrean Capital Partners LP cut its stake in shares of Acadian Asset Management Inc. (NYSE:AAMIFree Report) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,404,562 shares of the company’s stock after selling 136,546 shares during the period. Acadian Asset Management comprises about 2.3% of Empyrean Capital Partners LP’s investment portfolio, making the stock its 14th biggest position. Empyrean Capital Partners LP’s holdings in Acadian Asset Management were worth $66,014,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Transamerica Financial Advisors LLC lifted its position in Acadian Asset Management by 380.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after purchasing an additional 635 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in Acadian Asset Management during the second quarter valued at $31,000. Raymond James Financial Inc. purchased a new position in Acadian Asset Management during the second quarter valued at $61,000. WealthCollab LLC purchased a new position in Acadian Asset Management during the second quarter valued at $65,000. Finally, Kestra Advisory Services LLC purchased a new position in Acadian Asset Management during the fourth quarter valued at $119,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Richard Jonathan Hart sold 100,000 shares of Acadian Asset Management stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $66.97, for a total value of $6,697,000.00. Following the sale, the chief accounting officer directly owned 73,863 shares of the company’s stock, valued at approximately $4,946,605.11. The trade was a 57.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 22.60% of the company’s stock.

Acadian Asset Management Stock Up 0.5%

NYSE:AAMI opened at $82.77 on Thursday. Acadian Asset Management Inc. has a 52 week low of $31.24 and a 52 week high of $85.73. The business’s 50-day simple moving average is $70.31 and its two-hundred day simple moving average is $57.98. The stock has a market cap of $2.95 billion, a PE ratio of 35.22 and a beta of 1.32.

Acadian Asset Management (NYSE:AAMIGet Free Report) last issued its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.11. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%.The firm had revenue of $165.00 million for the quarter. Sell-side analysts anticipate that Acadian Asset Management Inc. will post 4.84 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, June 12th. Acadian Asset Management’s payout ratio is 17.02%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AAMI. Weiss Ratings downgraded Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Royal Bank Of Canada reissued a “sector perform” rating and set a $66.00 price target on shares of Acadian Asset Management in a report on Wednesday, May 20th. Zacks Research cut Acadian Asset Management from a “hold” rating to a “strong sell” rating in a report on Friday, June 5th. Wall Street Zen raised Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Evercore set a $80.00 price target on Acadian Asset Management in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Acadian Asset Management currently has a consensus rating of “Hold” and an average target price of $68.67.

View Our Latest Report on Acadian Asset Management

About Acadian Asset Management

(Free Report)

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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Institutional Ownership by Quarter for Acadian Asset Management (NYSE:AAMI)

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