Quadrature Capital Ltd Acquires New Shares in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Quadrature Capital Ltd acquired a new stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 31,143 shares of the asset manager’s stock, valued at approximately $529,000. Quadrature Capital Ltd owned approximately 0.22% of Silvercrest Asset Management Group as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of Silvercrest Asset Management Group during the fourth quarter valued at about $185,000. Invenomic Capital Management LP raised its position in shares of Silvercrest Asset Management Group by 23.4% during the fourth quarter. Invenomic Capital Management LP now owns 265,540 shares of the asset manager’s stock worth $4,514,000 after acquiring an additional 50,389 shares during the last quarter. Keeley Teton Advisors LLC raised its position in shares of Silvercrest Asset Management Group by 12.3% during the fourth quarter. Keeley Teton Advisors LLC now owns 228,790 shares of the asset manager’s stock worth $3,889,000 after acquiring an additional 25,102 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Silvercrest Asset Management Group by 26.2% during the fourth quarter. Russell Investments Group Ltd. now owns 46,597 shares of the asset manager’s stock worth $792,000 after acquiring an additional 9,663 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of Silvercrest Asset Management Group by 125.9% during the third quarter. Citigroup Inc. now owns 27,942 shares of the asset manager’s stock worth $443,000 after acquiring an additional 15,571 shares during the last quarter. 47.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SAMG shares. StockNews.com upgraded Silvercrest Asset Management Group from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. Singular Research reiterated a “buy” rating on shares of Silvercrest Asset Management Group in a report on Monday, March 18th.

Silvercrest Asset Management Group Stock Down 0.8 %

NASDAQ SAMG opened at $14.96 on Friday. The company has a market cap of $208.09 million, a price-to-earnings ratio of 15.75 and a beta of 0.85. Silvercrest Asset Management Group Inc. has a 52 week low of $13.93 and a 52 week high of $23.20. The business has a 50 day moving average price of $15.08 and a 200-day moving average price of $15.88.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings data on Thursday, May 2nd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $30.27 million for the quarter, compared to the consensus estimate of $30.11 million. Silvercrest Asset Management Group had a net margin of 7.52% and a return on equity of 12.88%. On average, equities research analysts anticipate that Silvercrest Asset Management Group Inc. will post 1.54 earnings per share for the current year.

Silvercrest Asset Management Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 14th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, June 14th. This represents a $0.76 annualized dividend and a dividend yield of 5.08%. Silvercrest Asset Management Group’s dividend payout ratio is 80.00%.

Insider Activity at Silvercrest Asset Management Group

In related news, major shareholder Path Smaller Companies Fu Long bought 5,112 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were bought at an average price of $15.05 per share, with a total value of $76,935.60. Following the completion of the transaction, the insider now directly owns 940,798 shares in the company, valued at $14,159,009.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.26% of the stock is owned by insiders.

Silvercrest Asset Management Group 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.