Shares of Acadian Asset Management Inc. (NYSE:AAMI – Get Free Report) gapped up prior to trading on Thursday following a stronger than expected earnings report. 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 (EPS) for the quarter, beating 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 Price Performance
The stock has a market capitalization of $940.09 million, a price-to-earnings ratio of 15.27 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.
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