Brightlight Capital Management LP Trims Stock Holdings in Acadian Asset Management Inc. $AAMI

Brightlight Capital Management LP lessened its position in Acadian Asset Management Inc. (NYSE:AAMI) by 25.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,100 shares of the company’s stock after selling 49,900 shares during the period. Acadian Asset Management accounts for about 4.4% of Brightlight Capital Management LP’s portfolio, making the stock its 9th biggest holding. Brightlight Capital Management LP owned about 0.42% of Acadian Asset Management worth $7,229,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new position in shares of Acadian Asset Management in the second quarter valued at approximately $31,000. Raymond James Financial Inc. acquired a new stake in Acadian Asset Management during the 2nd quarter worth approximately $61,000. WealthCollab LLC acquired a new stake in Acadian Asset Management during the 2nd quarter worth approximately $65,000. Ameritas Investment Partners Inc. bought a new stake in Acadian Asset Management during the 2nd quarter worth approximately $95,000. Finally, Russell Investments Group Ltd. bought a new stake in Acadian Asset Management during the 2nd quarter worth approximately $97,000. 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 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 sale, the director owned 35,771 shares of the company’s stock, valued at approximately $1,832,190.62. This represents a 21.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $1,475,028.90. Following the sale, the director directly owned 37,384 shares in the company, 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 owned by insiders.

Analysts Set New Price Targets

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

Acadian Asset Management Stock Performance

NYSE:AAMI opened at $50.46 on Friday. The company has a market capitalization of $1.80 billion, a PE ratio of 22.83 and a beta of 1.32. 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 Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $57.03.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings results on Thursday, February 5th. The company reported $1.32 earnings per share (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%. Research analysts predict that Acadian Asset Management Inc. will post 2.78 EPS for the current year.

Acadian Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a dividend of $0.10 per share. 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%. The ex-dividend date of this dividend is Friday, March 13th. Acadian Asset Management’s payout ratio is 1.81%.

Acadian Asset Management 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.