Royce & Associates LP Sells 6,300 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Royce & Associates LP trimmed its position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 580,000 shares of the asset manager’s stock after selling 6,300 shares during the period. Royce & Associates LP owned 4.18% of Silvercrest Asset Management Group worth $10,666,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in Silvercrest Asset Management Group by 12.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,430 shares of the asset manager’s stock valued at $302,000 after purchasing an additional 1,781 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Silvercrest Asset Management Group by 1.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 125,695 shares of the asset manager’s stock valued at $2,312,000 after buying an additional 1,781 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Silvercrest Asset Management Group by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,818 shares of the asset manager’s stock worth $493,000 after buying an additional 1,857 shares during the period. R Squared Ltd bought a new stake in Silvercrest Asset Management Group during the 4th quarter worth approximately $122,000. Finally, Jane Street Group LLC increased its position in Silvercrest Asset Management Group by 55.6% in the 3rd quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock valued at $345,000 after acquiring an additional 7,155 shares during the period. Institutional investors and hedge funds own 47.59% of the company’s stock.

Silvercrest Asset Management Group Trading Down 0.9 %

Shares of SAMG stock opened at $16.70 on Tuesday. Silvercrest Asset Management Group Inc. has a 1-year low of $13.93 and a 1-year high of $19.20. The stock has a market cap of $231.55 million, a price-to-earnings ratio of 20.88 and a beta of 0.84. The stock has a 50-day moving average of $18.05 and a 200-day moving average of $17.66.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results on Thursday, March 6th. The asset manager reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.13). The firm had revenue of $31.96 million for the quarter, compared to analyst estimates of $31.97 million. Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.40%.

Silvercrest Asset Management Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 14th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 4.79%. Silvercrest Asset Management Group’s payout ratio is 79.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 12th.

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.