Renaissance Technologies LLC decreased its position in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,000 shares of the asset manager’s stock after selling 2,100 shares during the period. Renaissance Technologies LLC owned approximately 1.66% of Silvercrest Asset Management Group worth $1,782,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Punch & Associates Investment Management Inc. raised its position in shares of Silvercrest Asset Management Group by 13.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 568,552 shares of the asset manager’s stock worth $7,562,000 after buying an additional 65,736 shares in the last quarter. First Bank & Trust increased its stake in shares of Silvercrest Asset Management Group by 22.1% in the first quarter. First Bank & Trust now owns 9,119 shares of the asset manager’s stock valued at $121,000 after buying an additional 1,651 shares during the last quarter. Boston Partners increased its stake in shares of Silvercrest Asset Management Group by 1.4% in the first quarter. Boston Partners now owns 532,101 shares of the asset manager’s stock valued at $7,077,000 after buying an additional 7,585 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of Silvercrest Asset Management Group by 253.6% in the first quarter. Pacific Ridge Capital Partners LLC now owns 195,247 shares of the asset manager’s stock valued at $2,597,000 after buying an additional 140,037 shares during the last quarter. Finally, Cadence Capital Management LLC increased its stake in shares of Silvercrest Asset Management Group by 4.4% in the first quarter. Cadence Capital Management LLC now owns 94,237 shares of the asset manager’s stock valued at $1,253,000 after buying an additional 3,931 shares during the last quarter. 73.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Silvercrest Asset Management Group Inc. (SAMG) traded down 1.63% during mid-day trading on Monday, reaching $12.05. The company had a trading volume of 4,457 shares. The firm’s 50-day moving average is $12.96 and its 200 day moving average is $13.21. The company has a market capitalization of $97.69 million, a price-to-earnings ratio of 15.45 and a beta of 1.27. Silvercrest Asset Management Group Inc. has a 12 month low of $11.07 and a 12 month high of $14.95.
Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $22.09 million during the quarter. Silvercrest Asset Management Group had a net margin of 7.38% and a return on equity of 17.17%. On average, equities research analysts predict that Silvercrest Asset Management Group Inc. will post $0.90 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.92%. Silvercrest Asset Management Group’s payout ratio is currently 61.54%.
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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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