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

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

Acadian Asset Management Trading Down 0.5%

NYSE:AAMI opened at $92.36 on Friday. The firm has a market capitalization of $3.28 billion, a PE ratio of 32.64 and a beta of 1.31. The stock has a 50 day moving average of $92.47 and a 200-day moving average of $79.89. Acadian Asset Management has a 52 week low of $41.47 and a 52 week high of $98.52.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. The business 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, analysts predict that Acadian Asset Management will post 5.51 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AAMI shares. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Weiss Ratings raised shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Wall Street Zen lowered shares of Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 12th. Evercore set a $102.00 target price on shares of Acadian Asset Management in a research note on Friday, October 9th. Finally, Royal Bank Of Canada increased their target price on shares of Acadian Asset Management from $80.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Acadian Asset Management currently has an average rating of “Hold” and an average target price of $94.00.

Institutional Investors Weigh In On Acadian Asset Management

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Acadian Asset Management during the second quarter valued at $38,000. Integrated Wealth Concepts LLC bought a new position in shares of Acadian Asset Management during the second quarter worth about $40,000. Allworth Financial LP bought a new position in shares of Acadian Asset Management during the second quarter worth about $49,000. Farther Finance Advisors LLC grew its position in shares of Acadian Asset Management by 17.4% during the third quarter. Farther Finance Advisors LLC now owns 754 shares of the company’s stock worth $69,000 after acquiring an additional 112 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Acadian Asset Management in the 2nd quarter worth about $67,000. 98.69% of the stock is owned by institutional investors and hedge funds.

About Acadian Asset Management

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.