Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 15.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,230 shares of the asset manager’s stock after purchasing an additional 2,072 shares during the quarter. Rhumbline Advisers owned about 0.11% of Silvercrest Asset Management Group worth $237,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Keeley Teton Advisors LLC raised its stake 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 valued at $3,889,000 after purchasing an additional 25,102 shares during the period. Invenomic Capital Management LP increased its stake in Silvercrest Asset Management Group by 23.4% during the 4th quarter. Invenomic Capital Management LP now owns 265,540 shares of the asset manager’s stock worth $4,514,000 after buying an additional 50,389 shares during the period. Virtu Financial LLC acquired a new position in Silvercrest Asset Management Group in the 4th quarter worth $185,000. Quadrature Capital Ltd purchased a new position in Silvercrest Asset Management Group in the 4th quarter valued at about $529,000. Finally, First Personal Financial Services purchased a new position in Silvercrest Asset Management Group in the 1st quarter valued at about $63,000. Institutional investors and hedge funds own 47.59% of the company’s stock.

Silvercrest Asset Management Group Trading Up 1.9 %

Silvercrest Asset Management Group stock opened at $17.19 on Friday. The stock has a 50 day moving average of $16.13 and a 200-day moving average of $15.56. The stock has a market cap of $240.49 million, a P/E ratio of 18.09 and a beta of 0.83. Silvercrest Asset Management Group Inc. has a 52 week low of $13.93 and a 52 week high of $18.13.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its earnings results on Thursday, August 1st. The asset manager reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). The business had revenue of $30.99 million for the quarter, compared to analyst estimates of $30.68 million. Silvercrest Asset Management Group had a return on equity of 12.46% and a net margin of 7.09%. During the same period last year, the company posted $0.34 earnings per share. As a group, equities analysts predict that Silvercrest Asset Management Group Inc. will post 1.54 earnings per share for the current fiscal year.

Silvercrest Asset Management Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 13th were paid a $0.20 dividend. This is a positive change from Silvercrest Asset Management Group’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend was Friday, September 13th. Silvercrest Asset Management Group’s dividend payout ratio is currently 84.21%.

About Silvercrest Asset Management Group

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.