Silvercrest Asset Management Group (NASDAQ:SAMG) Issues Earnings Results

Silvercrest Asset Management Group (NASDAQ:SAMG) posted its quarterly earnings data on Thursday. The asset manager reported $0.26 EPS for the quarter, reports. The firm had revenue of $30.42 million during the quarter. Silvercrest Asset Management Group had a return on equity of 11.41% and a net margin of 6.24%.

Silvercrest Asset Management Group Trading Down 5.9 %

Silvercrest Asset Management Group stock opened at $16.41 on Friday. The stock has a market cap of $229.58 million, a PE ratio of 20.51 and a beta of 0.83. The stock has a 50-day moving average price of $16.71 and a 200 day moving average price of $15.91. Silvercrest Asset Management Group has a 52 week low of $13.93 and a 52 week high of $18.13.

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Friday, December 13th. Silvercrest Asset Management Group’s dividend payout ratio is presently 100.00%.

Institutional Trading of Silvercrest Asset Management Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Long Path Partners LP boosted its stake in Silvercrest Asset Management Group by 23.8% in the 2nd quarter. Long Path Partners LP now owns 940,798 shares of the asset manager’s stock worth $14,667,000 after buying an additional 180,627 shares during the last quarter. HM Payson & Co. boosted its stake in Silvercrest Asset Management Group by 1,784.6% in the 1st quarter. HM Payson & Co. now owns 46,888 shares of the asset manager’s stock worth $741,000 after buying an additional 44,400 shares during the last quarter. Koss Olinger Consulting LLC acquired a new stake in Silvercrest Asset Management Group in the 2nd quarter worth about $457,000. Diamond Hill Capital Management Inc. boosted its stake in Silvercrest Asset Management Group by 29.7% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 123,722 shares of the asset manager’s stock worth $1,929,000 after buying an additional 28,298 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Silvercrest Asset Management Group in the 2nd quarter worth about $270,000. Hedge funds and other institutional investors own 47.59% of the company’s stock.

About Silvercrest Asset Management Group

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.