Silvercrest Asset Management Group (NASDAQ:SAMG) Earns “Hold (C-)” Rating from Weiss Ratings

Silvercrest Asset Management Group (NASDAQ:SAMG)‘s stock had its “hold (c-)” rating restated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Silvercrest Asset Management Group Price Performance

Shares of Silvercrest Asset Management Group stock opened at $14.70 on Friday. The stock has a market cap of $184.78 million, a price-to-earnings ratio of 16.70 and a beta of 0.75. The firm’s 50-day moving average is $15.68 and its two-hundred day moving average is $15.59. Silvercrest Asset Management Group has a 1 year low of $13.54 and a 1 year high of $19.20.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings results on Friday, August 1st. The asset manager reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The business had revenue of $30.67 million during the quarter, compared to analyst estimates of $30.77 million. Silvercrest Asset Management Group had a net margin of 6.63% and a return on equity of 12.03%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SAMG. Police & Firemen s Retirement System of New Jersey purchased a new stake in Silvercrest Asset Management Group in the second quarter valued at $34,000. BNP Paribas Financial Markets grew its holdings in Silvercrest Asset Management Group by 1,200.0% during the second quarter. BNP Paribas Financial Markets now owns 9,373 shares of the asset manager’s stock worth $149,000 after acquiring an additional 8,652 shares during the period. Engineers Gate Manager LP purchased a new position in Silvercrest Asset Management Group during the second quarter valued at approximately $167,000. Jane Street Group LLC acquired a new position in Silvercrest Asset Management Group in the first quarter valued at approximately $242,000. Finally, R Squared Ltd boosted its position in Silvercrest Asset Management Group by 126.9% in the 1st quarter. R Squared Ltd now owns 15,111 shares of the asset manager’s stock worth $247,000 after purchasing an additional 8,451 shares in the last quarter. Hedge funds and other 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.