AAMI · Acadian Asset Management Inc.
$96.16
+1.99 (+2.11%)
At close · Oct 5
View the 10-K filed Feb 27, 2026
Return incl. dividend (before tax)
Customer concentration
— top 25 customers 33% of revenue
25 customers — 33% of revenue (As of December 31, 2025)
“our top 25 clients represented approximately 33% of run rate gross management fee revenue.”
5 customers — 14% of revenue (As of December 31, 2025)
“As of December 31, 2025, our top five client relationships represented approximately 14% of total run rate gross management fee revenue”
Market Cap
$3.33B
Shares
35.49M
Volume · Oct 5
475.45K
Avg daily vol (3M)
425.45K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$94.17
Open$95.10
Day$94.10–97.10
52W close$41.93–97.31
Avg vol 30d457K
Short int1.1M · 3.0% float · 2.0d
Short vol64%
Last earningsJul 30, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 6
Up next
Next earnings call
Oct 29, 2026
Est · unconfirmed
· in 3 wks
filed Aug 6, 2026
call held Jul 30, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$668.50M
Trailing 12 months
Net income (TTM)
$101.40M
Trailing 12 months
Revenue growth YoY
+45.3%
Year over year
Operating margin
23.7%
Trailing 12 months
P / E (TTM)
33.3
Trailing earnings · reciprocal yield 3.0%
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
0.3%
Trailing 12 months
Shares change YoY
-0.6%
Year over year · fewer shares
Price change (1Y)
+103.7%
Trailing year
Short interest
3.0%
Latest settlement · 2.0 days to cover
Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Strong Buy
Momentum
Very Strong
Sentiment
Neutral
Fundamentals
Weak
Quant / Vol
Moderate
Market backdrop
VIX 15.3 · calm
Equity put/call 0.59
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+36%
above
Price vs 50-day avg
+3%
above
RSI (14)
57
neutral
MACD trend
Positive
52-week position
94%
near high
Momentum
relative strength
1-month return
+2%
trailing
6-month return
+48%
trailing
YTD return
+100%
this year
Relative strength
+36%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $91 › 200d $69 — 50d above 200d
Institutional flow
Flat
1 of 304 funds reported for Sep 30 · net 0 sh shares
Insider flow
Distributing
Net -$2.2M over 90 days · 100% sells
Short interest
Rising
3.02% of float · ▲ +26.4% MoM · 2.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
304 holders — near 3-yr high, broad support
Squeeze score
63
elevated · 0–100
Fundamentals
Revenue growth
+2%
Y/Y
EPS growth
−0%
Y/Y
Valuation
P/E 33.1
rich
Buyback
$80.0M
authorized
Balance sheet
$75.6M
net debt
Quant / Vol
risk profile
Volatility
37%
annualized · 1-yr
Max drawdown
−16%
past year
ATR
3.5%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Jun 30, 2026
Variable compensation ratio
· full-year 2026
Initiated
38% – 42%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+36%
Bullish
Price vs 50-day avg
+3%
Bullish
RSI (14)
57
Neutral
MACD trend
Positive
Bullish
52-week position
94%
Bullish
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $91 › 200d $69 — 50d above 200d
Institutional flow
Flat
1 of 304 funds reported for Sep 30 · net 0 sh shares
Insider flow
Distributing
Net -$2.2M over 90 days · 100% sells
Short interest
Rising
3.02% of float · ▲ +26.4% MoM · 2.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
304 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $42
Now $94 · 94%
Range high $97
vs 200-day avg +36%
vs 50-day avg +3%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $69.9M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP EBITDA $43.2M
+$34.7M Non-cash compensation costs, including revaluation of Acadian LLC key employee-owned equity and profit interests
-$8.2M Gain on seed and co-investments
+$0.2M Restructuring
= Adjusted EBITDA $69.9M
|
|||
| Assets under management (AUM) at period end | 232.7B | Three Months Ended June 30, 2026 filing | — |
| Average AUM | 219.6B | Three Months Ended June 30, 2026 filing | — |
| Average basis points earned on average assets under management | 32.2 | Three Months Ended June 30, 2026 filing | — |
| Economic net income non-GAAP | $47.5M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Adjusted EBITDA $69.9M
-$1.5M ENI net interest expense to third parties
-$5.1M Depreciation and amortization
-$15.8M Tax on economic net income
= Economic net income $47.5M
|
|||
| Economic net income effective tax rate non-GAAP | 25% | the three months ended June 30, 2026 filing | — |
| ENI Acadian LLC key employee distributions ratio non-GAAP | 12.3% | three months ended June 30, 2026 filing | — |
| ENI diluted EPS non-GAAP | $1.33 | Three Months Ended June 30, 2026 filing | — |
| ENI operating earnings non-GAAP | $73.9M | three months ended June 30, 2026 filing | — |
| ENI operating expense non-GAAP | $64.9M | three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP U.S. GAAP operating expense $152.7M
-$33.3M Non-cash key employee equity and profit interest revaluations
-$0.2M Restructuring costs
-$0.8M Funds' operating expense
-$44.4M Variable compensation
-$9.1M Acadian LLC key employee distributions
= ENI operating expense $64.9M
|
|||
| ENI operating expense ratio non-GAAP | 36.8% | three months ended June 30, 2026 filing | — |
| ENI operating margin non-GAAP | 40.3% | three months ended June 30, 2026 filing | — |
| ENI revenue non-GAAP | $183.2M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP U.S. GAAP revenue $185.1M
-$1.9M Exclude revenue from consolidated Funds
= ENI revenue $183.2M
|
|||
| ENI variable compensation ratio non-GAAP | 37.5% | three months ended June 30, 2026 filing | — |
| Fixed compensation & benefits non-GAAP | $27.5M | three months ended June 30, 2026 filing | — |
| General and administrative expenses non-GAAP | $33.7M | three months ended June 30, 2026 filing | — |
| Gross inflows | 14.5B | Three Months Ended June 30, 2026 filing | — |
| Gross outflows | -11.5B | Three Months Ended June 30, 2026 filing | — |
| Management fees non-GAAP | $176.5M | three months ended June 30, 2026 filing | — |
| Market appreciation | 32.7B | Three Months Ended June 30, 2026 filing | — |
| Net client cash flows | 4.3B | Three Months Ended June 30, 2026 filing | — |
| Net flows | $4.3B | Three Months Ended June 30, 2026 filing | — |
| Performance fees non-GAAP | $6.7M | three months ended June 30, 2026 filing | — |
| Pre-tax economic net income non-GAAP | $63.3M | Three Months Ended June 30, 2026 filing | — |
| Reinvested income and distributions | 1.3B | Three Months Ended June 30, 2026 filing | — |
| Seed/Co-investment average balance non-GAAP | $84M | three months ended June 30, 2026 filing | — |
| U.S. GAAP Acadian LLC key employee distributions ratio | 22.5% | three months ended June 30, 2026 filing | — |
| U.S. GAAP operating expense / management fee revenue | 86.1% | three months ended June 30, 2026 filing | — |
| U.S. GAAP operating margin | 17.5% | three months ended June 30, 2026 filing | — |
| U.S. GAAP variable compensation ratio | 52.4% | three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Asset Management — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AAMI
this stock
Acadian Asset Management Inc.
|
$3.33B | +100.4% | +2.3% | 33.1 | 3.0% |
|
BLK
BlackRock, Inc.
|
$347.03B | -1.0% | +16.2% | 25.6 | 0.6% |
|
KKR
KKR & Co. Inc.
|
$86.77B | -29.2% | -11.0% | — | 1.5% |
|
BX
Blackstone Inc.
|
$85.57B | -27.5% | +9.2% | 25.6 | 2.6% |
|
BN
BROOKFIELD Corp /ON/
|
$81.46B | -19.5% | — | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AAMI | +0.3% | +2.1% | +48.4% | +2.7% | +100.4% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +0.5% | +2.6% | +36.3% | +1.8% | +87.5% |
Capital returns
Latest dividend
$0.10
/ share · ex Sep 11, 2026
Paid (TTM)
$0.31
/ share · 4 payouts
Dividend yield (TTM, derived)
0.33%
Buyback program
· as of Feb 6, 2025
Authorized
$80.00M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.