Silvercrest Asset Management Group Inc (NASDAQ:SAMG) Director Brian D. Dunn bought 1,900 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were acquired at an average price of $15.23 per share, for a total transaction of $28,937.00. Following the completion of the transaction, the director now directly owns 6,900 shares in the company, valued at approximately $105,087. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ SAMG traded down $0.25 during mid-day trading on Tuesday, hitting $15.00. 14,200 shares of the company’s stock traded hands, compared to its average volume of 15,478. The stock has a market capitalization of $199.46 million, a price-to-earnings ratio of 13.60 and a beta of 0.89. Silvercrest Asset Management Group Inc has a 1 year low of $12.80 and a 1 year high of $18.26.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its earnings results on Wednesday, August 1st. The asset manager reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $24.58 million for the quarter. Silvercrest Asset Management Group had a net margin of 6.61% and a return on equity of 18.35%.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 14th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Thursday, September 13th.

Separately, Sandler O’Neill restated a “buy” rating and set a $20.00 target price on shares of Silvercrest Asset Management Group in a research report on Friday, August 3rd.

Several hedge funds and other institutional investors have recently made changes to their positions in SAMG. Bank of America Corp DE raised its position in shares of Silvercrest Asset Management Group by 82.3% during the 2nd quarter. Bank of America Corp DE now owns 9,049 shares of the asset manager’s stock valued at $148,000 after buying an additional 4,084 shares in the last quarter. Spark Investment Management LLC purchased a new stake in shares of Silvercrest Asset Management Group during the 2nd quarter valued at about $218,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Silvercrest Asset Management Group during the 2nd quarter valued at about $255,000. Millennium Management LLC purchased a new stake in shares of Silvercrest Asset Management Group during the 4th quarter valued at about $302,000. Finally, Acadian Asset Management LLC raised its position in shares of Silvercrest Asset Management Group by 22.6% during the 2nd quarter. Acadian Asset Management LLC now owns 35,685 shares of the asset manager’s stock valued at $582,000 after buying an additional 6,575 shares in the last quarter. Hedge funds and other institutional investors own 49.71% of the company’s stock.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc, a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors.

Further Reading: Asset Allocation, Balancing Your Investments

Insider Buying and Selling by Quarter for Silvercrest Asset Management Group (NASDAQ:SAMG)

Receive News & Ratings for Silvercrest Asset Management Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silvercrest Asset Management Group and related companies with MarketBeat.com's FREE daily email newsletter.