Silvercrest Asset Management Group Inc. (NASDAQ:SAMG – Get Free Report) major shareholder Equinox Partners Investment Ma purchased 10,368 shares of the business’s stock in a transaction dated Tuesday, October 20th. The stock was bought at an average price of $10.24 per share, for a total transaction of $106,168.32. Following the completion of the acquisition, the insider owned 815,733 shares of the company’s stock, valued at approximately $8,353,105.92. The trade was a 1.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Equinox Partners Investment Ma also recently made the following trade(s):
- On Thursday, October 22nd, Equinox Partners Investment Ma purchased 3,322 shares of Silvercrest Asset Management Group stock. The stock was bought at an average cost of $10.42 per share, for a total transaction of $34,615.24.
- On Wednesday, October 21st, Equinox Partners Investment Ma acquired 14,744 shares of Silvercrest Asset Management Group stock. The shares were bought at an average price of $10.33 per share, with a total value of $152,305.52.
- On Thursday, October 15th, Equinox Partners Investment Ma acquired 5,692 shares of Silvercrest Asset Management Group stock. The shares were bought at an average price of $10.47 per share, with a total value of $59,595.24.
Silvercrest Asset Management Group Stock Performance
Silvercrest Asset Management Group stock traded down $0.51 during trading hours on Friday, hitting $10.12. The company had a trading volume of 75,926 shares, compared to its average volume of 54,403. The firm has a market cap of $119.92 million, a P/E ratio of 92.01 and a beta of 0.64. Silvercrest Asset Management Group Inc. has a 1 year low of $9.09 and a 1 year high of $16.16. The company has a 50-day moving average price of $10.13 and a two-hundred day moving average price of $10.97.
Silvercrest Asset Management Group (NASDAQ:SAMG – Get Free Report) last issued its earnings results on Friday, July 31st. The asset manager reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $30.78 million for the quarter, compared to analyst estimates of $30.90 million. Silvercrest Asset Management Group had a net margin of 0.72% and a return on equity of 8.71%. As a group, equities research analysts anticipate that Silvercrest Asset Management Group Inc. will post 0.47 EPS for the current year.
Silvercrest Asset Management Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 11th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Friday, September 11th. Silvercrest Asset Management Group’s payout ratio is presently 763.64%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on SAMG. Wall Street Zen raised shares of Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research upgraded Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings lowered Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Silvercrest Asset Management Group has an average rating of “Reduce”.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC raised its stake in shares of Silvercrest Asset Management Group by 4.0% during the 4th quarter. Hsbc Holdings PLC now owns 68,026 shares of the asset manager’s stock worth $1,046,000 after acquiring an additional 2,629 shares in the last quarter. Ancora Advisors LLC purchased a new stake in Silvercrest Asset Management Group during the second quarter valued at approximately $28,000. Arrowstreet Capital Limited Partnership lifted its position in Silvercrest Asset Management Group by 12.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 29,572 shares of the asset manager’s stock valued at $397,000 after acquiring an additional 3,191 shares during the last quarter. Renaissance Technologies LLC boosted its stake 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 acquiring an additional 4,700 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Silvercrest Asset Management Group in the first quarter valued at approximately $192,000. 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 is a wealth management and investment advisory firm serving high-net-worth individuals, families, family offices, foundations, endowments and other institutional clients. The company provides customized portfolio management and broader wealth planning services designed to address clients’ investment, tax, estate and philanthropic objectives.
Silvercrest offers investment strategies across publicly traded equities, fixed income and alternative investments.
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