Silvercrest Asset Management Group (SAMG) Sets New 1-Year Low at $13.09

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Shares of Silvercrest Asset Management Group Inc (NASDAQ:SAMG) reached a new 52-week low during trading on Thursday . The company traded as low as $13.09 and last traded at $13.15, with a volume of 147 shares. The stock had previously closed at $13.31.

Separately, Sandler O’Neill reissued a “buy” rating and set a $20.00 price objective on shares of Silvercrest Asset Management Group in a report on Friday, August 3rd.

The firm has a market capitalization of $182.95 million, a P/E ratio of 12.48 and a beta of 0.87.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its earnings results on Wednesday, August 1st. The asset manager reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $24.58 million during the quarter. Silvercrest Asset Management Group had a net margin of 6.61% and a return on equity of 18.35%.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Friday, September 14th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date was Thursday, September 13th.

In other Silvercrest Asset Management Group news, Director Brian D. Dunn bought 1,900 shares of the business’s stock in a transaction on Monday, September 17th. The stock was bought at an average price of $15.23 per share, for a total transaction of $28,937.00. Following the completion of the transaction, the director now owns 6,900 shares in the company, valued at approximately $105,087. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Al Messina sold 10,000 shares of Silvercrest Asset Management Group stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $16.84, for a total transaction of $168,400.00. Following the transaction, the director now owns 205,478 shares of the company’s stock, valued at approximately $3,460,249.52. The disclosure for this sale can be found here. Insiders own 10.17% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its position in shares of Silvercrest Asset Management Group by 82.3% in the second quarter. Bank of America Corp DE now owns 9,049 shares of the asset manager’s stock valued at $148,000 after buying an additional 4,084 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Silvercrest Asset Management Group by 2.6% in the first quarter. Russell Investments Group Ltd. now owns 189,600 shares of the asset manager’s stock valued at $2,882,000 after buying an additional 4,800 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Silvercrest Asset Management Group by 22.6% in the second quarter. Acadian Asset Management LLC now owns 35,685 shares of the asset manager’s stock valued at $582,000 after buying an additional 6,575 shares during the last quarter. Northern Trust Corp raised its position in shares of Silvercrest Asset Management Group by 14.5% in the second quarter. Northern Trust Corp now owns 86,026 shares of the asset manager’s stock valued at $1,402,000 after buying an additional 10,914 shares during the last quarter. Finally, Cadence Capital Management LLC raised its position in shares of Silvercrest Asset Management Group by 11.8% in the second quarter. Cadence Capital Management LLC now owns 123,340 shares of the asset manager’s stock valued at $2,010,000 after buying an additional 13,036 shares during the last quarter. Institutional investors own 49.71% of the company’s stock.

About Silvercrest Asset Management Group (NASDAQ:SAMG)

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.

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