Silvercrest Asset Management Group (NASDAQ:SAMG) Director Purchases $17,797.25 in Stock

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Director John Allen Gray bought 1,285 shares of the business’s stock in a transaction on Monday, December 1st. The stock was purchased at an average price of $13.85 per share, for a total transaction of $17,797.25. Following the purchase, the director directly owned 42,895 shares in the company, valued at approximately $594,095.75. This represents a 3.09% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

John Allen Gray also recently made the following trade(s):

• On Friday, November 28th, John Allen Gray purchased 5,500 shares of Silvercrest Asset Management Group stock. The shares were acquired at an average cost of $13.83 per share, with a total value of $76,065.00.
• On Wednesday, November 26th, John Allen Gray acquired 15,000 shares of Silvercrest Asset Management Group stock. The stock was acquired at an average price of $13.66 per share, for a total transaction of $204,900.00.

Silvercrest Asset Management Group Stock Down 1.1%

Shares of SAMG stock traded down $0.15 during trading on Monday, reaching $13.65. The company’s stock had a trading volume of 30,863 shares, compared to its average volume of 40,006. Silvercrest Asset Management Group Inc. has a one year low of $13.23 and a one year high of $19.20. The business has a fifty day moving average price of $14.43 and a 200-day moving average price of $15.34. The company has a market cap of $167.05 million, a price-to-earnings ratio of 15.51 and a beta of 0.77.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Friday, October 31st. The asset manager reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.10). Silvercrest Asset Management Group had a net margin of 6.63% and a return on equity of 12.03%. The business had revenue of $31.30 million during the quarter, compared to analyst estimates of $32.12 million.

Silvercrest Asset Management Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 12th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.2%. Silvercrest Asset Management Group’s payout ratio is currently 118.31%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SAMG shares. Zacks Research cut Silvercrest Asset Management Group from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a report on Wednesday, October 8th. One 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 presently has a consensus rating of “Reduce”.

Institutional Trading of Silvercrest Asset Management Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners boosted its stake in shares of Silvercrest Asset Management Group by 5.7% during the 3rd quarter. Boston Partners now owns 212,557 shares of the asset manager’s stock worth $3,348,000 after acquiring an additional 11,457 shares during the period. Gabelli Funds LLC raised its stake in Silvercrest Asset Management Group by 629.9% in the 2nd quarter. Gabelli Funds LLC now owns 184,887 shares of the asset manager’s stock valued at $2,932,000 after acquiring an additional 159,555 shares during the period. Hsbc Holdings PLC lifted its holdings in Silvercrest Asset Management Group by 191.9% during the 2nd quarter. Hsbc Holdings PLC now owns 65,249 shares of the asset manager’s stock valued at $1,045,000 after purchasing an additional 42,898 shares during the last quarter. Marshall Wace LLP bought a new position in Silvercrest Asset Management Group during the second quarter worth $1,014,000. Finally, Teton Advisors LLC acquired a new position in shares of Silvercrest Asset Management Group in the third quarter valued at $866,000. Institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Company Profile

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.