Summit Global buys $1.21M stake in Acadian Asset Management
What's the deal? Summit Global InvestmentsDealroom has a profile for this one. Try Dealroom → purchased a new $1,209,000 stake in Acadian Asset ManagementDealroom has a profile for this one. Try Dealroom → (NYSE:AAMI) during the second quarter, buying 16,908 shares, according to its latest disclosure with the Securities and Exchange Commission.
What does the company do? Founded in 1986, Acadian is a global investment management firm specialising in quantitative research and systematic strategies. It builds data-driven models to spot opportunities across equity and fixed income markets.
The numbers: Acadian reported earnings of $1.33 per share for the quarter ended July 30, topping the $1.03 consensus by $0.30. Revenue reached $183.20 million, with a net margin of 15.17% and a return on equity of 189.32%.
The stock opened at $92.67 on Friday, near its 52-week high of $93.82 and well above its low of $41.47. The company carries a market capitalisation of $3.29 billion and a PE ratio of 32.74.
Who else is buying? Summit joins a crowd of institutions moving on the stock. JPMorgan ChaseDealroom has a profile for this one. Try Dealroom → bought a new position worth roughly $6,964,000, while American Century CompaniesDealroom has a profile for this one. Try Dealroom → took a $1,773,000 stake. Institutional investors and hedge funds now own 98.69% of the stock.
What do analysts say? AAMI holds a "Moderate Buy" consensus rating with a $81.67 price target, based on one Strong Buy, one Buy, and three Hold ratings. Royal Bank of CanadaDealroom has a profile for this one. Try Dealroom → lifted its target from $72.00 to $80.00 in late July.
The signal: With near-total institutional ownership and a share price near record highs, Acadian's quantitative playbook is drawing steady interest from large investors — even as analyst targets sit below the current trading price.
Read more: Ticker Report
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