Diamond Hill Capital Management Inc. Acquires 28,298 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Diamond Hill Capital Management Inc. grew its holdings in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 29.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 123,722 shares of the asset manager’s stock after buying an additional 28,298 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Silvercrest Asset Management Group were worth $1,929,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Personal Financial Services bought a new position in shares of Silvercrest Asset Management Group during the 1st quarter worth approximately $63,000. BNP Paribas Financial Markets boosted its holdings in shares of Silvercrest Asset Management Group by 8.9% during the 1st quarter. BNP Paribas Financial Markets now owns 8,450 shares of the asset manager’s stock worth $134,000 after buying an additional 692 shares in the last quarter. Heron Bay Capital Management bought a new position in shares of Silvercrest Asset Management Group during the 1st quarter worth approximately $162,000. Virtu Financial LLC bought a new position in shares of Silvercrest Asset Management Group during the 4th quarter worth approximately $185,000. Finally, Rhumbline Advisers lifted its holdings in shares of Silvercrest Asset Management Group by 15.7% in the 2nd quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager’s stock worth $237,000 after purchasing an additional 2,072 shares in the last quarter. 47.59% of the stock is currently owned by institutional investors.

Silvercrest Asset Management Group Stock Up 1.4 %

Shares of SAMG opened at $16.35 on Monday. Silvercrest Asset Management Group Inc. has a 12-month low of $13.93 and a 12-month high of $18.13. The business’s fifty day moving average is $16.06 and its 200 day moving average is $15.54. The stock has a market cap of $228.74 million, a P/E ratio of 17.21 and a beta of 0.83.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its earnings results on Thursday, August 1st. The asset manager reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). The firm had revenue of $30.99 million during the quarter, compared to the consensus estimate of $30.68 million. Silvercrest Asset Management Group had a return on equity of 12.46% and a net margin of 7.09%. During the same quarter in the prior year, the business earned $0.34 earnings per share. On average, analysts expect that Silvercrest Asset Management Group Inc. will post 1.54 EPS for the current year.

Silvercrest Asset Management Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 13th will be given a $0.20 dividend. This is a positive change from Silvercrest Asset Management Group’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Friday, September 13th. Silvercrest Asset Management Group’s dividend payout ratio is presently 80.00%.

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.