Silvercrest Asset Management Group (SAMG) Earning Favorable News Coverage, Study Shows
Media stories about Silvercrest Asset Management Group (NASDAQ:SAMG) have been trending positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Silvercrest Asset Management Group earned a daily sentiment score of 0.44 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 45.5443291937812 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $22.09 million for the quarter. Silvercrest Asset Management Group had a net margin of 7.38% and a return on equity of 17.17%.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 15th were given a $0.12 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.48 annualized dividend and a yield of 3.68%. Silvercrest Asset Management Group’s dividend payout ratio is presently 61.54%.
In other news, Director Brian D. Dunn acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average cost of $13.28 per share, for a total transaction of $66,400.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $66,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.56% of the company’s stock.
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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