Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Plans Quarterly Dividend of $0.21

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, September 11th will be paid a dividend of 0.21 per share by the asset manager on Friday, September 18th. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date is Friday, September 11th.

Silvercrest Asset Management Group has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Silvercrest Asset Management Group has a payout ratio of 58.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Silvercrest Asset Management Group to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 84.8%.

Silvercrest Asset Management Group Price Performance

Shares of SAMG opened at $9.90 on Friday. The firm has a market capitalization of $117.31 million, a PE ratio of 33.00 and a beta of 0.66. The company has a 50-day simple moving average of $10.65 and a two-hundred day simple moving average of $12.91. Silvercrest Asset Management Group has a one year low of $9.57 and a one year high of $16.99.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings results on Friday, July 31st. The asset manager reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Silvercrest Asset Management Group had a return on equity of 10.51% and a net margin of 2.12%.The company had revenue of $30.78 million for the quarter, compared to analyst estimates of $30.90 million. Analysts expect that Silvercrest Asset Management Group will post 0.53 EPS for the current fiscal year.

Institutional Trading of Silvercrest Asset Management Group

Several institutional investors have recently added to or reduced their stakes in SAMG. Jane Street Group LLC purchased a new position in shares of Silvercrest Asset Management Group in the first quarter worth $242,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Silvercrest Asset Management Group during the second quarter valued at $316,000. Marshall Wace LLP purchased a new stake in shares of Silvercrest Asset Management Group during the second quarter valued at $1,014,000. Gamco Investors INC. ET AL increased its holdings in Silvercrest Asset Management Group by 42.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 28,409 shares of the asset manager’s stock worth $451,000 after buying an additional 8,409 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Silvercrest Asset Management Group in the 2nd quarter worth about $247,000. 47.59% of the stock is currently owned by hedge funds and other institutional investors.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.