Acadian Asset Management Inc. (NYSE:AAMI) Stock Short Interest Jumps 58.0%

Acadian Asset Management Inc. (NYSE:AAMI) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 1,693,662 shares, a growth of 58.0% from the September 15th total of 1,071,734 shares. Currently, 6.2% of the shares of the stock are short sold. Based on an average trading volume of 447,445 shares, the days-to-cover ratio is currently 3.8 days.

Acadian Asset Management Stock Down 0.5%

Shares of AAMI traded down $0.45 during mid-day trading on Friday, reaching $92.36. 312,852 shares of the company’s stock were exchanged, compared to its average volume of 438,347. Acadian Asset Management has a 52-week low of $41.47 and a 52-week high of $98.52. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 32.64 and a beta of 1.31. The company has a 50-day simple moving average of $92.47 and a two-hundred day simple moving average of $79.89.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.30. The firm had revenue of $183.20 million for the quarter. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%. As a group, equities research analysts predict that Acadian Asset Management will post 5.51 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, September 11th. Acadian Asset Management’s dividend payout ratio is currently 14.13%.

Institutional Trading of Acadian Asset Management

A number of large investors have recently made changes to their positions in the stock. Signal Advisors Wealth LLC purchased a new position in Acadian Asset Management in the 3rd quarter valued at about $398,000. Wedmont Private Capital purchased a new stake in shares of Acadian Asset Management during the third quarter worth about $202,000. GAMMA Investing LLC grew its holdings in shares of Acadian Asset Management by 11.2% during the third quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock worth $123,000 after buying an additional 136 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Acadian Asset Management by 17.4% in the third quarter. Farther Finance Advisors LLC now owns 754 shares of the company’s stock valued at $69,000 after buying an additional 112 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Acadian Asset Management by 4.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,735 shares of the company’s stock valued at $768,000 after buying an additional 469 shares during the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AAMI shares. Morgan Stanley raised their price objective on Acadian Asset Management from $81.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, September 25th. Wall Street Zen downgraded Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 12th. Evercore set a $102.00 target price on Acadian Asset Management in a report on Friday, October 9th. Royal Bank Of Canada raised their price target on Acadian Asset Management from $80.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday, October 9th. Finally, Weiss Ratings raised Acadian Asset Management from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $94.00.

Acadian Asset Management Company Profile

Acadian Asset Management is a global investment management firm that uses quantitative and systematic research to design and manage portfolios for institutional and intermediary clients. The company applies data-driven processes, technology and fundamental analysis to identify investment opportunities and manage risk across global markets.

Its offerings include actively managed strategies in global and emerging-market equities, fixed income, multi-asset portfolios and alternative investments.