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

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

Silvercrest Asset Management Group Price Performance

Silvercrest Asset Management Group stock opened at $16.41 on Friday. Silvercrest Asset Management Group has a 52-week low of $13.93 and a 52-week high of $18.13. The stock has a fifty day moving average price of $16.71 and a two-hundred day moving average price of $15.90. The firm has a market capitalization of $229.58 million, a P/E ratio of 20.51 and a beta of 0.83.

Silvercrest Asset Management Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be given a $0.20 dividend. 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 (DPR) is 100.00%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Several large investors have recently made changes to their positions in SAMG. First Personal Financial Services lifted its holdings in Silvercrest Asset Management Group by 50.0% during the 2nd quarter. First Personal Financial Services now owns 6,000 shares of the asset manager’s stock valued at $94,000 after purchasing an additional 2,000 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Silvercrest Asset Management Group by 8.9% during the first 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 in the first quarter valued at approximately $162,000. Rhumbline Advisers boosted 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 acquiring an additional 2,072 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in Silvercrest Asset Management Group during the 2nd quarter worth approximately $270,000. 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.