Hillsdale Investment Management Inc. Has $1.74 Million Stock Holdings in Acadian Asset Management Inc. $AAMI

Hillsdale Investment Management Inc. decreased its position in Acadian Asset Management Inc. (NYSE:AAMI) by 40.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 36,100 shares of the company’s stock after selling 24,020 shares during the quarter. Hillsdale Investment Management Inc. owned 0.10% of Acadian Asset Management worth $1,739,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AAMI. Paulson & CO. Inc. acquired a new position in Acadian Asset Management in the second quarter valued at about $315,402,000. Jennison Associates LLC bought a new position in shares of Acadian Asset Management in the second quarter valued at approximately $73,690,000. Impax Asset Management Group plc acquired a new position in shares of Acadian Asset Management in the 2nd quarter worth approximately $35,240,000. Geode Capital Management LLC acquired a new position in shares of Acadian Asset Management in the 2nd quarter worth approximately $22,116,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Acadian Asset Management during the 2nd quarter worth approximately $21,531,000. 98.69% of the stock is owned by institutional investors.

Acadian Asset Management Stock Up 0.5%

Shares of AAMI stock opened at $53.16 on Monday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 24.05 and a beta of 1.30. Acadian Asset Management Inc. has a 12 month low of $22.60 and a 12 month high of $56.46. The stock has a 50-day moving average price of $51.31 and a 200 day moving average price of $48.31.

Acadian Asset Management (NYSE:AAMI) last released its earnings results on Thursday, February 5th. The company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The business had revenue of $169.70 million for the quarter. Sell-side analysts predict that Acadian Asset Management Inc. will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is a boost from Acadian Asset Management’s previous quarterly dividend of $0.01. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. Acadian Asset Management’s payout ratio is 1.81%.

Insiders Place Their Bets

In other Acadian Asset Management news, Director Barbara Trebbi sold 9,691 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total transaction of $496,373.02. Following the completion of the sale, the director owned 35,771 shares in the company, valued at approximately $1,832,190.62. The trade was a 21.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Chersi sold 28,753 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total value of $1,475,028.90. Following the completion of the transaction, the director directly owned 37,384 shares in the company, valued at approximately $1,917,799.20. This trade represents a 43.47% decrease in their position. The SEC filing for this sale provides additional information. 26.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on AAMI. Morgan Stanley lifted their price objective on Acadian Asset Management from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 3rd. Wall Street Zen raised Acadian Asset Management from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Evercore set a $52.00 price objective on shares of Acadian Asset Management in a report on Thursday, November 6th. Royal Bank Of Canada raised their price objective on shares of Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Acadian Asset Management currently has a consensus rating of “Hold” and a consensus price target of $52.00.

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.