Artio Global Investors Inc (ART, Financial) filed Quarterly Report for the period ended 2012-03-31.
Artio Globl Inv has a market cap of $221.8 million; its shares were traded at around $3.3 with a P/E ratio of 4.2 and P/S ratio of 0.8. The dividend yield of Artio Globl Inv stocks is 6.3%.
Our Adjusted operating and Adjusted EBITDA margins in the first quarter of 2012 decreased compared to the first quarter of 2011, as revenues declined faster than expenses. We expect our margins to be under pressure throughout 2012, given the significant decline in AuM.
Total revenues and other operating income decreased by $38.2 million for the three months ended March 31, 2012, compared to the corresponding period in 2011, due primarily to a 46% decline in average AuM.
Employee compensation and benefits decreased $5.7 million for the three months ended March 31, 2012, compared to the corresponding period in 2011, due primarily to a decrease in current year incentive compensation awards, lower sales incentives and salaries, partially offset by higher amortization of deferred incentive compensation awards.
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Artio Globl Inv has a market cap of $221.8 million; its shares were traded at around $3.3 with a P/E ratio of 4.2 and P/S ratio of 0.8. The dividend yield of Artio Globl Inv stocks is 6.3%.
Highlight of Business Operations:
Our revenues are driven by the amount and composition of our AuM, as well as by our fee structure. As a result, management closely monitors our AuM. We believe average AuM is more useful than quarter-end AuM in analyzing performance during a period, as most of our fees are calculated based on daily or monthly AuM, rather than quarter-end balances of AuM.Our Adjusted operating and Adjusted EBITDA margins in the first quarter of 2012 decreased compared to the first quarter of 2011, as revenues declined faster than expenses. We expect our margins to be under pressure throughout 2012, given the significant decline in AuM.
Total revenues and other operating income decreased by $38.2 million for the three months ended March 31, 2012, compared to the corresponding period in 2011, due primarily to a 46% decline in average AuM.
Employee compensation and benefits decreased $5.7 million for the three months ended March 31, 2012, compared to the corresponding period in 2011, due primarily to a decrease in current year incentive compensation awards, lower sales incentives and salaries, partially offset by higher amortization of deferred incentive compensation awards.
Read the The complete Report
