Acadian Asset Management (NYSE:AAMI) Issues Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Acadian Asset Management (NYSE:AAMI) issued its quarterly earnings results on Thursday. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.27, Zacks reports. Acadian Asset Management had a return on equity of 7,606.72% and a net margin of 13.92%.

Acadian Asset Management Stock Up 4.7 %

NYSE:AAMI traded up $1.13 during trading hours on Thursday, reaching $25.28. 67,248 shares of the company were exchanged, compared to its average volume of 158,880. Acadian Asset Management has a 52-week low of $20.28 and a 52-week high of $31.52. The company has a market cap of $943.45 million, a P/E ratio of 15.32 and a beta of 1.46.

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.