Granite Investment Partners LLC cut its stake in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,046 shares of the asset manager’s stock after selling 5,097 shares during the period. Granite Investment Partners LLC’s holdings in Silvercrest Asset Management Group were worth $1,372,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First Bank & Trust raised its position in Silvercrest Asset Management Group by 22.1% in the first quarter. First Bank & Trust now owns 9,119 shares of the asset manager’s stock valued at $121,000 after buying an additional 1,651 shares during the last quarter. Russell Investments Group Ltd. raised its position in Silvercrest Asset Management Group by 24.8% in the second quarter. Russell Investments Group Ltd. now owns 85,000 shares of the asset manager’s stock valued at $1,143,000 after buying an additional 16,900 shares during the last quarter. Cadence Capital Management LLC raised its position in Silvercrest Asset Management Group by 4.4% in the first quarter. Cadence Capital Management LLC now owns 94,237 shares of the asset manager’s stock valued at $1,253,000 after buying an additional 3,931 shares during the last quarter. Renaissance Technologies LLC raised its position in Silvercrest Asset Management Group by 3.4% in the fourth quarter. Renaissance Technologies LLC now owns 136,100 shares of the asset manager’s stock valued at $1,790,000 after buying an additional 4,500 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its position in Silvercrest Asset Management Group by 253.6% in the first quarter. Pacific Ridge Capital Partners LLC now owns 195,247 shares of the asset manager’s stock valued at $2,597,000 after buying an additional 140,037 shares during the last quarter. Institutional investors own 73.69% of the company’s stock.

Silvercrest Asset Management Group Inc. (SAMG) opened at 11.95 on Friday. The firm has a market capitalization of $96.88 million, a price-to-earnings ratio of 15.32 and a beta of 1.27. Silvercrest Asset Management Group Inc. has a 12-month low of $11.07 and a 12-month high of $14.95. The firm has a 50-day moving average of $13.15 and a 200 day moving average of $13.28.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $22.09 million during the quarter. Silvercrest Asset Management Group had a net margin of 7.38% and a return on equity of 17.17%. On average, equities analysts predict that Silvercrest Asset Management Group Inc. will post $0.90 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 15th will be given a $0.12 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 4.02%. Silvercrest Asset Management Group’s dividend payout ratio is presently 61.54%.

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About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc (Silvercrest) is a full-service wealth management firm focused on providing financial advisory and related family office services to ultra-high net worth individuals and institutional investors. The Company offers a suite of family office services for families seeking oversight of financial affairs.

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Institutional Ownership by Quarter for Silvercrest Asset Management Group (NASDAQ:SAMG)

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