Boston Partners Boosts Stake in Silvercrest Asset Management Group Inc. (SAMG)

Boston Partners lifted its position in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 618,750 shares of the asset manager’s stock after acquiring an additional 68,638 shares during the quarter. Boston Partners owned approximately 7.63% of Silvercrest Asset Management Group worth $9,003,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SAMG. Russell Investments Group Ltd. grew its stake in shares of Silvercrest Asset Management Group by 24.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 85,000 shares of the asset manager’s stock worth $1,143,000 after acquiring an additional 16,900 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Silvercrest Asset Management Group by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,445 shares of the asset manager’s stock worth $436,000 after acquiring an additional 187 shares during the period. Cadence Capital Management LLC grew its stake in shares of Silvercrest Asset Management Group by 4.3% during the 2nd quarter. Cadence Capital Management LLC now owns 98,289 shares of the asset manager’s stock worth $1,322,000 after acquiring an additional 4,052 shares during the period. Royce & Associates LP grew its stake in shares of Silvercrest Asset Management Group by 0.4% during the 2nd quarter. Royce & Associates LP now owns 631,600 shares of the asset manager’s stock worth $8,495,000 after acquiring an additional 2,500 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its stake in shares of Silvercrest Asset Management Group by 18.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 230,885 shares of the asset manager’s stock worth $3,105,000 after acquiring an additional 35,638 shares during the period. Institutional investors own 46.96% of the company’s stock.

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) opened at $14.70 on Thursday. The firm has a market capitalization of $194.71, a price-to-earnings ratio of 16.76 and a beta of 1.34. Silvercrest Asset Management Group Inc. has a 12 month low of $11.85 and a 12 month high of $16.80.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings results on Wednesday, November 1st. The asset manager reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $22.85 million during the quarter. Silvercrest Asset Management Group had a return on equity of 17.71% and a net margin of 7.61%.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.27%. Silvercrest Asset Management Group’s payout ratio is 58.54%.

In other Silvercrest Asset Management Group news, major shareholder Marital Trust Under Article 7T sold 15,150 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $14.93, for a total value of $226,189.50. Following the completion of the transaction, the insider now owns 904,103 shares in the company, valued at approximately $13,498,257.79. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian D. Dunn bought 5,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was bought at an average price of $13.28 per share, with a total value of $66,400.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $66,400. The disclosure for this purchase can be found here. Insiders have sold a total of 67,750 shares of company stock valued at $999,322 in the last quarter. 9.56% of the stock is owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Silvercrest Asset Management Group (NASDAQ:SAMG)

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