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

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

Acadian Asset Management Stock Performance

NYSE AAMI traded up $1.13 during trading on Thursday, hitting $25.28. The stock had a trading volume of 67,248 shares, compared to its average volume of 158,880. Acadian Asset Management has a 12 month low of $20.28 and a 12 month high of $31.52. The stock has a market capitalization of $943.45 million, a price-to-earnings 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.