Acadian Asset Management Inc. (NYSE:AAMI – Get Free Report) shares gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. 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, topping the consensus estimate of $1.03 by $0.27. Acadian Asset Management had a return on equity of 7,606.72% and a net margin of 13.92%.
Acadian Asset Management Stock Up 4.3 %
The firm has a market cap of $940.09 million, a price-to-earnings ratio of 15.27 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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