Acadian Asset Management (NYSE:AAMI) Stock Price Down 0% – Should You Sell?

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

Analyst Ratings Changes

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

Acadian Asset Management Trading Down 0.0 %

The firm has a market capitalization of $969.17 million, a price-to-earnings ratio of 11.54 and a beta of 1.54. The stock has a 50 day moving average price of $25.15.

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

Acadian Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.15%. The ex-dividend date was Friday, March 14th. Acadian Asset Management’s dividend payout ratio (DPR) is 1.79%.

About Acadian Asset Management

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.