Acadian Asset Management Inc. (NYSE:AAMI – Get Free Report)’s share price gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $24.15, but opened at $25.62. Acadian Asset Management shares last traded at $25.98, with a volume of 6,931 shares.
The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.27. Acadian Asset Management had a net margin of 13.92% and a return on equity of 7,606.72%.
Acadian Asset Management Trading Up 4.4 %
The stock has a market capitalization of $940.84 million, a P/E ratio of 15.28 and a beta of 1.46.
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.
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