Azimut stock gains 1.67 percent as Kennedy deal expands

Published on 09/23/2026 at 13:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Azimut stock closed at EUR 39.58 on September 22, 2026, after gaining 1.67 percent. First-half EBITDA reached EUR 60.5 million in 2026.

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Azimut stock closed at EUR 39.58 in Milan on September 22, 2026, gaining 1.67 percent from the previous session. The move followed news that Azimut Holding S.p.A. had increased its stake in Kennedy Capital Management to 100 percent, according to Ground News on September 21, 2026.

Azimut expands Kennedy ownership

The transaction gives Azimut full ownership of Kennedy Capital Management, an asset-management business based in the United States. Ground News reported the development on September 21, 2026, citing ANSA coverage.

The deal adds a concrete expansion element to the stock story because Azimut is increasing control of an existing asset-management platform rather than entering an unrelated business. The available report does not state a purchase price or quantify the expected earnings contribution, so the market reaction remains the measurable signal.

First-half EBITDA reaches EUR 60.5 million

Azimut reported consolidated first-half 2026 EBITDA of EUR 60.5 million, according to the results item published by Boursorama on September 22, 2026. That figure gives investors a current operating reference alongside the ownership expansion.

Azimut's EUR 39.58 closing price was EUR 2.46 below the narrative fair value of EUR 42.04 cited by Simply Wall St for September 22, 2026, a difference of 5.85 percent based on those two values. The comparison is an analytical reference, not a company forecast or a price target.

Stock closes at EUR 39.58

Azimut stock closed at EUR 39.58 on the Borsa Italiana on September 22, 2026, after a 1.67 percent daily gain. The Kennedy ownership increase and the EUR 60.5 million first-half EBITDA figure provide the two most concrete operating markers for the current valuation discussion.