Silvercrest Asset Management Group Inc. (SAMG) Posts Earnings Results, Beats Expectations By $0.01 EPS

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) issued its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01, Bloomberg Earnings reports. Silvercrest Asset Management Group had a return on equity of 17.17% and a net margin of 7.38%. The company had revenue of $22.09 million for the quarter.

Shares of Silvercrest Asset Management Group (NASDAQ:SAMG) traded down 3.24% during midday trading on Friday, reaching $11.95. The company’s stock had a trading volume of 4,185 shares. Silvercrest Asset Management Group has a 52 week low of $11.07 and a 52 week high of $14.95. The stock has a market capitalization of $96.88 million, a PE ratio of 15.32 and a beta of 1.27. The company has a 50 day moving average price of $13.15 and a 200-day moving average price of $13.28.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders 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 yield of 4.02%. Silvercrest Asset Management Group’s payout ratio is currently 61.54%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAMG. Pacific Ridge Capital Partners LLC raised its position in Silvercrest Asset Management Group by 18.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 230,885 shares of the asset manager’s stock worth $3,105,000 after buying an additional 35,638 shares during the period. Royce & Associates LP increased its stake in shares of Silvercrest Asset Management Group by 0.4% in the second quarter. Royce & Associates LP now owns 631,600 shares of the asset manager’s stock worth $8,495,000 after buying an additional 2,500 shares in the last quarter. Cadence Capital Management LLC increased its stake in shares of Silvercrest Asset Management Group by 4.3% in the second quarter. Cadence Capital Management LLC now owns 98,289 shares of the asset manager’s stock worth $1,322,000 after buying an additional 4,052 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Silvercrest Asset Management Group by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 32,445 shares of the asset manager’s stock worth $436,000 after buying an additional 187 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Silvercrest Asset Management Group by 3.4% in the second quarter. Boston Partners now owns 550,112 shares of the asset manager’s stock worth $7,399,000 after buying an additional 18,011 shares in the last quarter. 73.69% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by BNB Daily and is owned by of BNB Daily. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/13/silvercrest-asset-management-group-inc-samg-announces-earnings-results-updated.html.

Silvercrest Asset Management Group Company Profile

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.

Earnings History for Silvercrest Asset Management Group (NASDAQ:SAMG)

Receive News & Ratings for Silvercrest Asset Management Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silvercrest Asset Management Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply