Acadian Asset Management Inc. $AAMI Shares Sold by Brightlight Capital Management LP

Brightlight Capital Management LP lowered its holdings in Acadian Asset Management Inc. (NYSE:AAMI) by 28.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,900 shares of the company’s stock after selling 42,200 shares during the quarter. Acadian Asset Management comprises approximately 3.6% of Brightlight Capital Management LP’s investment portfolio, making the stock its 7th largest holding. Brightlight Capital Management LP owned about 0.30% of Acadian Asset Management worth $5,071,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new stake in Acadian Asset Management in the 2nd quarter valued at $31,000. Transamerica Financial Advisors LLC lifted its stake in Acadian Asset Management by 380.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after acquiring an additional 635 shares in the last quarter. Raymond James Financial Inc. bought a new position in Acadian Asset Management during the 2nd quarter valued at $61,000. WealthCollab LLC bought a new position in Acadian Asset Management during the 2nd quarter valued at $65,000. Finally, Russell Investments Group Ltd. bought a new position in Acadian Asset Management during the 2nd quarter valued at $97,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Acadian Asset Management

In other news, CAO Richard Jonathan Hart sold 100,000 shares of Acadian Asset Management stock in a transaction on Monday, May 4th. The stock was sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the sale, the chief accounting officer directly owned 73,863 shares in the company, valued at $4,946,605.11. The trade was a 57.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.60% of the stock is owned by insiders.

Acadian Asset Management Price Performance

NYSE AAMI opened at $82.77 on Thursday. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 35.22 and a beta of 1.32. Acadian Asset Management Inc. has a one year low of $31.24 and a one year high of $85.73. The business’s fifty day moving average is $70.31 and its 200-day moving average is $57.98.

Acadian Asset Management (NYSE:AAMI) last released its earnings results on Thursday, April 30th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $165.00 million for the quarter. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%. Research analysts expect that Acadian Asset Management Inc. will post 4.84 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

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

About Acadian Asset Management

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.