Silvercrest Asset Management Group (NASDAQ:SAMG) Major Shareholder Buys 10,368 Shares of Stock

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) major shareholder Equinox Partners Investment Ma purchased 10,368 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was bought at an average price of $10.24 per share, with a total value of $106,168.32. Following the transaction, the insider owned 815,733 shares of the company’s stock, valued at $8,353,105.92. This represents a 1.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Equinox Partners Investment Ma also recently made the following trade(s):

• On Thursday, October 22nd, Equinox Partners Investment Ma acquired 3,322 shares of Silvercrest Asset Management Group stock. The shares were bought at an average price of $10.42 per share, for a total transaction of $34,615.24.
• On Wednesday, October 21st, Equinox Partners Investment Ma acquired 14,744 shares of Silvercrest Asset Management Group stock. The stock was bought at an average cost of $10.33 per share, with a total value of $152,305.52.
• On Thursday, October 15th, Equinox Partners Investment Ma acquired 5,692 shares of Silvercrest Asset Management Group stock. The stock was bought at an average cost of $10.47 per share, with a total value of $59,595.24.

Silvercrest Asset Management Group Price Performance

Shares of Silvercrest Asset Management Group stock traded down $0.51 on Friday, reaching $10.12. The company had a trading volume of 75,926 shares, compared to its average volume of 54,403. The firm has a market cap of $119.92 million, a price-to-earnings ratio of 92.01 and a beta of 0.64. The firm’s 50-day moving average price is $10.13 and its two-hundred day moving average price is $10.97. Silvercrest Asset Management Group Inc. has a 1 year low of $9.09 and a 1 year high of $16.16.

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 8.71% and a net margin of 0.72%. The company had revenue of $30.78 million for the quarter, compared to analyst estimates of $30.90 million. As a group, analysts anticipate that Silvercrest Asset Management Group Inc. will post 0.47 EPS for the current year.

Silvercrest Asset Management Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 11th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend was Friday, September 11th. Silvercrest Asset Management Group’s payout ratio is presently 763.64%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Ancora Advisors LLC bought a new stake in shares of Silvercrest Asset Management Group during the 2nd quarter worth approximately $28,000. Cetera Investment Advisers purchased a new position in Silvercrest Asset Management Group during the 1st quarter valued at $192,000. Arrowstreet Capital Limited Partnership grew its position in Silvercrest Asset Management Group by 12.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 29,572 shares of the asset manager’s stock valued at $397,000 after acquiring an additional 3,191 shares during the last quarter. Hsbc Holdings PLC grew its position in Silvercrest Asset Management Group by 4.0% in the 4th quarter. Hsbc Holdings PLC now owns 68,026 shares of the asset manager’s stock valued at $1,046,000 after acquiring an additional 2,629 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new position in Silvercrest Asset Management Group in the 1st quarter valued at $1,478,000. 47.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on SAMG. Weiss Ratings downgraded shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 20th. Wall Street Zen upgraded shares of Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Zacks Research raised shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group, Inc is a wealth management and investment advisory firm serving high-net-worth individuals, families, family offices, foundations, endowments and other institutional clients. The company provides customized portfolio management and broader wealth planning services designed to address clients’ investment, tax, estate and philanthropic objectives.

Silvercrest offers investment strategies across publicly traded equities, fixed income and alternative investments.