Silvercrest Asset Management Group (NASDAQ:SAMG) Major Shareholder Buys 5,692 Shares of Stock

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) major shareholder Equinox Partners Investment Ma purchased 5,692 shares of Silvercrest Asset Management Group stock in a transaction dated Thursday, October 15th. The shares were bought at an average cost of $10.47 per share, for a total transaction of $59,595.24. Following the transaction, the insider directly owned 805,365 shares of the company’s stock, valued at approximately $8,432,171.55. The trade was a 0.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Equinox Partners Investment Ma also recently made the following trade(s):

• On Thursday, October 22nd, Equinox Partners Investment Ma purchased 3,322 shares of Silvercrest Asset Management Group stock. The stock was purchased at an average price of $10.42 per share, with a total value of $34,615.24.
• On Wednesday, October 21st, Equinox Partners Investment Ma acquired 14,744 shares of Silvercrest Asset Management Group stock. The stock was purchased at an average cost of $10.33 per share, with a total value of $152,305.52.
• On Tuesday, October 20th, Equinox Partners Investment Ma acquired 10,368 shares of Silvercrest Asset Management Group stock. The stock was purchased at an average cost of $10.24 per share, with a total value of $106,168.32.

Silvercrest Asset Management Group Trading Down 4.8%

NASDAQ SAMG traded down $0.51 on Friday, hitting $10.12. 75,926 shares of the stock traded hands, compared to its average volume of 54,403. The stock has a 50-day moving average of $10.13 and a 200 day moving average of $10.97. Silvercrest Asset Management Group Inc. has a twelve month low of $9.09 and a twelve month high of $16.16. The company has a market capitalization of $119.92 million, a P/E ratio of 92.01 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results on Friday, July 31st. The asset manager reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $30.78 million for the quarter, compared to the consensus estimate of $30.90 million. Silvercrest Asset Management Group had a return on equity of 8.71% and a net margin of 0.72%. As a group, equities research analysts expect that Silvercrest Asset Management Group Inc. will post 0.47 earnings per share for the current year.

Silvercrest Asset Management Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 11th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, September 11th. This represents a $0.84 annualized dividend and a yield of 8.3%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 763.64%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SAMG shares. Wall Street Zen raised shares of Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research upgraded shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings cut shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Silvercrest Asset Management Group

A number of large investors have recently bought and sold shares of the business. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Silvercrest Asset Management Group in the second quarter valued at approximately $3,655,000. Punch & Associates Investment Management Inc. bought a new position in shares of Silvercrest Asset Management Group during the first quarter valued at approximately $3,293,000. Renaissance Technologies LLC grew its holdings in shares of Silvercrest Asset Management Group by 3.0% during the first quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager’s stock valued at $2,174,000 after purchasing an additional 4,700 shares during the last quarter. North Star Investment Management Corp. bought a new position in shares of Silvercrest Asset Management Group during the first quarter valued at approximately $1,478,000. Finally, Hsbc Holdings PLC raised its position in shares of Silvercrest Asset Management Group by 4.0% during the 4th quarter. Hsbc Holdings PLC now owns 68,026 shares of the asset manager’s stock worth $1,046,000 after purchasing an additional 2,629 shares during the period. Institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group, Inc is a wealth management and investment advisory firm serving high-net-worth individuals, families, family offices, foundations, endowments and other institutional clients. The company provides customized portfolio management and broader wealth planning services designed to address clients’ investment, tax, estate and philanthropic objectives.

Silvercrest offers investment strategies across publicly traded equities, fixed income and alternative investments.