Silvercrest Asset Management Group (NASDAQ:SAMG) Director Buys $76,065.00 in Stock

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Director John Allen Gray bought 5,500 shares of the stock in a transaction on Friday, November 28th. The shares were acquired at an average cost of $13.83 per share, for a total transaction of $76,065.00. Following the purchase, the director owned 41,610 shares in the company, valued at $575,466.30. The trade was a 15.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, December 1st, John Allen Gray bought 1,285 shares of Silvercrest Asset Management Group stock. The stock was acquired at an average price of $13.85 per share, with a total value of $17,797.25.
• On Wednesday, November 26th, John Allen Gray purchased 15,000 shares of Silvercrest Asset Management Group stock. The stock was acquired at an average cost of $13.66 per share, for a total transaction of $204,900.00.

Silvercrest Asset Management Group Trading Up 2.5%

NASDAQ:SAMG opened at $14.84 on Thursday. The company has a market cap of $181.61 million, a P/E ratio of 20.90 and a beta of 0.70. Silvercrest Asset Management Group Inc. has a twelve month low of $13.23 and a twelve month high of $19.20. The company’s 50-day moving average price is $14.37 and its 200-day moving average price is $15.34.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings data on Friday, October 31st. The asset manager reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10). Silvercrest Asset Management Group had a net margin of 5.28% and a return on equity of 11.56%. The business had revenue of $31.30 million during the quarter, compared to analyst estimates of $32.12 million.

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.84 dividend on an annualized basis and a yield of 5.7%. Silvercrest Asset Management Group’s payout ratio is 118.31%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Institutional investors have recently modified their holdings of the company. Boston Partners lifted its stake in 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 in the last quarter. Gabelli Funds LLC grew its position 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 in the last quarter. Hsbc Holdings PLC increased its stake in Silvercrest Asset Management Group by 191.9% during the second quarter. Hsbc Holdings PLC now owns 65,249 shares of the asset manager’s stock worth $1,045,000 after purchasing an additional 42,898 shares during the period. Marshall Wace LLP acquired a new stake in shares of Silvercrest Asset Management Group during the second quarter worth about $1,014,000. Finally, Teton Advisors LLC acquired a new stake in shares of Silvercrest Asset Management Group during the third quarter worth about $866,000. 47.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on SAMG shares. Zacks Research downgraded Silvercrest Asset Management Group from a “hold” rating to a “strong sell” rating in a research note 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 investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Silvercrest Asset Management Group has an average rating of “Reduce”.

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.