Silvercrest Asset Management Group (NASDAQ:SAMG) Announces Earnings Results, Misses Estimates By $0.05 EPS

Silvercrest Asset Management Group (NASDAQ:SAMG) announced its quarterly earnings data on Monday. The asset manager reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05), FiscalAI reports. Silvercrest Asset Management Group had a net margin of 5.28% and a return on equity of 11.56%. The firm had revenue of $31.96 million during the quarter, compared to the consensus estimate of $32.06 million.

Silvercrest Asset Management Group Price Performance

Shares of Silvercrest Asset Management Group stock traded down $0.08 on Monday, hitting $14.14. The company had a trading volume of 26,430 shares, compared to its average volume of 29,396. Silvercrest Asset Management Group has a 52 week low of $13.23 and a 52 week high of $16.99. The company has a market cap of $173.07 million, a PE ratio of 19.92 and a beta of 0.71. The business has a 50-day simple moving average of $15.18 and a 200-day simple moving average of $15.03.

Silvercrest Asset Management Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 13th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Friday, March 13th. Silvercrest Asset Management Group’s payout ratio is 118.31%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Silvercrest Asset Management Group

A number of institutional investors have recently added to or reduced their stakes in SAMG. Marshall Wace LLP bought a new position in Silvercrest Asset Management Group during the 2nd quarter valued at $1,014,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Silvercrest Asset Management Group in the 2nd quarter worth $316,000. Boston Partners lifted its holdings in shares of Silvercrest Asset Management Group by 9.3% in the fourth quarter. Boston Partners now owns 232,310 shares of the asset manager’s stock valued at $3,529,000 after buying an additional 19,753 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Silvercrest Asset Management Group by 24.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 99,056 shares of the asset manager’s stock valued at $1,505,000 after buying an additional 19,186 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Silvercrest Asset Management Group during the second quarter valued at about $247,000. 47.59% of the stock is currently owned by institutional investors and hedge funds.

Silvercrest Asset Management Group Company 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.