Acadian Asset Management (NYSE:AAMI) Trading Down 0% – Time to Sell?

Acadian Asset Management Inc. (NYSE:AAMI) was down 0% during mid-day trading on Monday . The stock traded as low as $25.46 and last traded at $25.85. Approximately 482,576 shares were traded during mid-day trading, an increase of 143% from the average daily volume of 198,546 shares. The stock had previously closed at $25.86.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reiterated a “sector perform” rating and set a $27.00 price target on shares of Acadian Asset Management in a report on Monday, February 10th.

Acadian Asset Management Price Performance

The firm has a market cap of $969.17 million, a price-to-earnings ratio of 11.54 and a beta of 1.54. The business’s 50 day simple moving average is $25.15.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.03 by $0.27. Acadian Asset Management had a return on equity of 1,000.27% and a net margin of 16.81%. On average, equities analysts expect that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.01 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.15%. Acadian Asset Management’s dividend payout ratio is presently 1.79%.

Acadian Asset Management Company Profile

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.