Silvercrest Asset Management Group (NASDAQ:SAMG) Posts Earnings Results, Beats Expectations By $0.05 EPS

Silvercrest Asset Management Group (NASDAQ:SAMG) released its quarterly earnings data on Thursday. The asset manager reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05, FiscalAI reports. The business had revenue of $32.71 million during the quarter, compared to analysts’ expectations of $31.85 million. Silvercrest Asset Management Group had a net margin of 0.74% and a return on equity of 8.43%.

Silvercrest Asset Management Group Trading Up 8.0%

Shares of SAMG stock traded up $0.83 on Friday, hitting $11.18. 85,167 shares of the stock were exchanged, compared to its average volume of 83,032. The firm has a market capitalization of $132.48 million, a P/E ratio of 93.17 and a beta of 0.64. Silvercrest Asset Management Group has a fifty-two week low of $9.09 and a fifty-two week high of $16.16. The business has a 50-day moving average of $10.16 and a 200 day moving average of $12.00.

Silvercrest Asset Management Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, December 11th. Silvercrest Asset Management Group’s dividend payout ratio is currently 763.64%.

Analyst Ratings Changes

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

Silvercrest Asset Management Group News Roundup

Here are the key news stories impacting Silvercrest Asset Management Group this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations: Silvercrest reported quarterly EPS of $0.16 versus the consensus estimate of $0.11-$0.12. Revenue reached $32.7 million, up 4.5% year over year and ahead of the $31.85 million estimate. Silvercrest Q3 earnings and revenues beat estimates
• Positive Sentiment: High dividend yield remains attractive: The company declared a quarterly Class A dividend of $0.21 per share, payable December 18 to shareholders of record December 11. The $0.84 annualized payout implies an approximately 8% yield at recent trading levels, which may appeal to income-focused investors. Silvercrest declares quarterly dividend
• Positive Sentiment: Major shareholder increased its position: Equinox Partners Investment Management bought 32,499 shares for approximately $339,615, raising its holdings by 3.89% to 867,197 shares. The investor has made multiple purchases recently and no reported sales in the past six months, a potentially supportive signal. Silvercrest insider purchase
• Neutral Sentiment: Assets under management softened: Total AUM declined $0.8 billion sequentially to $36.2 billion, while discretionary AUM fell $0.9 billion to $23.8 billion. Lower AUM could pressure future fee revenue, although quarterly revenue still grew year over year.
• Negative Sentiment: Profitability and dividend sustainability warrant caution: GAAP net income attributable to Silvercrest was $0.6 million, or $0.08 per share, and the reported dividend payout ratio was approximately 764%. EPS also declined from $0.19 a year earlier, while the stock’s high valuation and low net margin leave limited room for execution disappointments.

Insider Transactions at Silvercrest Asset Management Group

In other news, major shareholder Equinox Partners Investment Ma bought 32,499 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were purchased at an average price of $10.45 per share, for a total transaction of $339,614.55. Following the purchase, the insider owned 867,197 shares of the company’s stock, valued at approximately $9,062,208.65. The trade was a 3.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 67,524 shares of company stock valued at $701,379. 21.70% of the stock is currently owned by company insiders.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group, Inc is an investment advisory and wealth management firm serving high-net-worth individuals, families, family offices, institutions, and charitable organizations. The company provides customized investment management and financial planning services designed to address clients’ long-term wealth objectives.

Its services include portfolio management, asset allocation, manager selection, wealth planning, family office support, and advice related to trusts, estates, and other complex financial matters.