Brightlight Capital Management LP Has $7.23 Million Stock Holdings in Acadian Asset Management Inc. $AAMI

Brightlight Capital Management LP cut its holdings in Acadian Asset Management Inc. (NYSE:AAMI) by 25.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 150,100 shares of the company’s stock after selling 49,900 shares during the quarter. Acadian Asset Management accounts for 4.4% of Brightlight Capital Management LP’s investment portfolio, making the stock its 9th biggest holding. Brightlight Capital Management LP’s holdings in Acadian Asset Management were worth $7,229,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Paulson & CO. Inc. acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $315,402,000. Geode Capital Management LLC acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at $22,116,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at $21,531,000. Soros Fund Management LLC bought a new position in Acadian Asset Management during the second quarter worth $14,645,000. Finally, GW&K Investment Management LLC bought a new position in Acadian Asset Management during the third quarter worth $18,479,000. 98.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Acadian Asset Management

In other Acadian Asset Management news, Director Barbara Trebbi sold 9,691 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total value of $496,373.02. Following the transaction, the director owned 35,771 shares of the company’s stock, valued at approximately $1,832,190.62. The trade was a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Chersi sold 28,753 shares of the company’s 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 owned 37,384 shares of the company’s stock, valued at $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.

Acadian Asset Management Stock Performance

Shares of AAMI stock opened at $50.46 on Friday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 22.83 and a beta of 1.32. Acadian Asset Management Inc. has a 52-week low of $22.60 and a 52-week high of $57.03. The company has a 50-day simple moving average of $52.89 and a two-hundred day simple moving average of $48.90.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Thursday, February 5th. The company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.06). The firm had revenue of $169.70 million for the quarter. Acadian Asset Management had a return on equity of 165.86% and a net margin of 14.19%. On average, sell-side analysts forecast that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a research note on Friday, February 6th. Wall Street Zen raised shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Finally, Morgan Stanley boosted their target price 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. One 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, the stock presently has a consensus rating of “Hold” and an average 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.