Royce & Associates LP Has $6.06 Million Stake in Silvercrest Asset Management Group Inc. $SAMG

Royce & Associates LP reduced its position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 32.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 385,002 shares of the asset manager’s stock after selling 183,291 shares during the quarter. Royce & Associates LP owned approximately 3.15% of Silvercrest Asset Management Group worth $6,064,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gabelli Funds LLC raised its stake in shares of Silvercrest Asset Management Group by 629.9% in the 2nd quarter. Gabelli Funds LLC now owns 184,887 shares of the asset manager’s stock valued at $2,932,000 after buying an additional 159,555 shares in the last quarter. Marshall Wace LLP acquired a new position in Silvercrest Asset Management Group in the second quarter worth about $1,014,000. Hsbc Holdings PLC lifted its stake in Silvercrest Asset Management Group by 191.9% during the second quarter. Hsbc Holdings PLC now owns 65,249 shares of the asset manager’s stock worth $1,045,000 after purchasing an additional 42,898 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Silvercrest Asset Management Group during the second quarter worth about $316,000. Finally, Bailard Inc. acquired a new stake in Silvercrest Asset Management Group during the second quarter valued at approximately $269,000. Institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Trading Up 0.8%

NASDAQ SAMG opened at $15.50 on Thursday. Silvercrest Asset Management Group Inc. has a 1-year low of $13.23 and a 1-year high of $18.19. The company has a 50 day moving average of $15.25 and a 200-day moving average of $15.12. The firm has a market cap of $189.72 million, a price-to-earnings ratio of 21.83 and a beta of 0.71.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 13th will be given a $0.21 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.84 annualized dividend and a yield of 5.4%. Silvercrest Asset Management Group’s payout ratio is presently 118.31%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Zacks Research raised Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Silvercrest Asset Management Group currently has a consensus rating of “Hold”.

Silvercrest Asset Management Group Profile

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.