Walleye Capital LLC Takes $1.07 Million Position in Acadian Asset Management Inc. $AAMI

Walleye Capital LLC purchased a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 19,590 shares of the company’s stock, valued at approximately $1,066,000.

Several other large investors also recently made changes to their positions in AAMI. Lido Advisors LLC grew its holdings in Acadian Asset Management by 3.5% during the fourth quarter. Lido Advisors LLC now owns 8,922 shares of the company’s stock worth $427,000 after purchasing an additional 298 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Acadian Asset Management by 12.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the company’s stock worth $164,000 after buying an additional 334 shares in the last quarter. ANB Bank boosted its holdings in Acadian Asset Management by 5.0% in the 1st quarter. ANB Bank now owns 8,588 shares of the company’s stock valued at $467,000 after purchasing an additional 410 shares during the period. Susquehanna Fundamental Investments LLC grew its position in Acadian Asset Management by 3.2% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 14,508 shares of the company’s stock worth $682,000 after buying an additional 450 shares in the last quarter. Finally, Polymer Capital Management US LLC grew its holdings in shares of Acadian Asset Management by 6.2% during the 4th quarter. Polymer Capital Management US LLC now owns 7,871 shares of the company’s stock worth $370,000 after purchasing an additional 459 shares in the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.

Acadian Asset Management Stock Performance

NYSE:AAMI opened at $80.81 on Friday. Acadian Asset Management Inc. has a fifty-two week low of $39.20 and a fifty-two week high of $85.73. The business has a 50 day moving average price of $76.11 and a 200-day moving average price of $63.59. The firm has a market cap of $2.88 billion, a PE ratio of 34.39 and a beta of 1.32.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. The company had revenue of $165.00 million during the quarter. Research analysts predict that Acadian Asset Management Inc. will post 5.11 EPS for the current year.

Insiders Place Their Bets

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the business’s 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 completion of the transaction, the chief accounting officer 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 22.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank Of Canada boosted their target price on Acadian Asset Management from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 2nd. Zacks Research upgraded Acadian Asset Management from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Weiss Ratings lowered Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, Evercore set a $84.00 target price on Acadian Asset Management in a research note on Friday, July 10th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $78.00.

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.