Silvercrest Asset Management Group (NASDAQ:SAMG) Major Shareholder Equinox Partners Investment Ma Buys 32,499 Shares of Stock

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) major shareholder Equinox Partners Investment Ma purchased 32,499 shares of Silvercrest Asset Management Group stock in a transaction that occurred on Thursday, October 29th. The shares were bought at an average price of $10.45 per share, for a total transaction of $339,614.55. Following the transaction, the insider owned 867,197 shares in the company, valued at $9,062,208.65. This represents a 3.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, October 27th, Equinox Partners Investment Ma acquired 899 shares of Silvercrest Asset Management Group stock. The shares were bought at an average cost of $10.10 per share, for a total transaction of $9,079.90.
• On Thursday, October 22nd, Equinox Partners Investment Ma acquired 3,322 shares of Silvercrest Asset Management Group stock. The stock was bought at an average price of $10.42 per share, with a total value 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 price of $10.33 per share, with a total value of $152,305.52.
• On Tuesday, October 20th, Equinox Partners Investment Ma bought 10,368 shares of Silvercrest Asset Management Group stock. The stock was bought at an average cost of $10.24 per share, with a total value of $106,168.32.
• On Thursday, October 15th, Equinox Partners Investment Ma bought 5,692 shares of Silvercrest Asset Management Group stock. The shares were bought at an average price of $10.47 per share, for a total transaction of $59,595.24.

Silvercrest Asset Management Group Trading Down 0.9%

Shares of SAMG stock opened at $10.35 on Friday. Silvercrest Asset Management Group Inc. has a 1 year low of $9.09 and a 1 year high of $16.16. The firm’s 50 day moving average is $10.14 and its 200-day moving average is $12.03. The firm has a market capitalization of $122.63 million, a price-to-earnings ratio of 94.10 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Thursday, October 29th. The asset manager reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. Silvercrest Asset Management Group had a net margin of 0.72% and a return on equity of 8.71%. The business had revenue of $32.71 million during the quarter, compared to analyst estimates of $31.85 million. On average, equities research analysts forecast that Silvercrest Asset Management Group Inc. will post 0.47 earnings per share for the current fiscal year.

Silvercrest Asset Management Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, December 11th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 763.64%.

Analysts Set New Price Targets

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

Institutional Trading of Silvercrest Asset Management Group

Several institutional investors and hedge funds have recently made changes to their positions in SAMG. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Silvercrest Asset Management Group in the 2nd quarter worth $3,655,000. Punch & Associates Investment Management Inc. acquired a new stake in shares of Silvercrest Asset Management Group during the first quarter worth $3,293,000. Cetera Investment Advisers acquired a new stake in shares of Silvercrest Asset Management Group during the first quarter worth $192,000. Renaissance Technologies LLC increased its holdings in Silvercrest Asset Management Group by 3.0% in the first quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager’s stock valued at $2,174,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Silvercrest Asset Management Group in the third quarter valued at about $40,000. Institutional investors own 47.59% of the company’s stock.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group, Inc is an investment advisory and wealth management firm serving high-net-worth individuals, families, family offices, institutions, and charitable organizations. The company provides customized investment management and financial planning services designed to address clients’ long-term wealth objectives.

Its services include portfolio management, asset allocation, manager selection, wealth planning, family office support, and advice related to trusts, estates, and other complex financial matters.