News stories about Silvercrest Asset Management Group (NASDAQ:SAMG) have trended positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Silvercrest Asset Management Group earned a daily sentiment score of 0.31 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 47.1515993919205 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Silvercrest Asset Management Group stock remained flat at $$15.85 during trading hours on Monday. The stock had a trading volume of 20,036 shares, compared to its average volume of 16,454. Silvercrest Asset Management Group has a 52 week low of $11.85 and a 52 week high of $16.80. The company has a market cap of $209.24, a P/E ratio of 24.02 and a beta of 1.10.
Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings data on Friday, March 9th. The asset manager reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. Silvercrest Asset Management Group had a net margin of 5.84% and a return on equity of 18.75%. The company had revenue of $24.47 million for the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 9th were issued a dividend of $0.14 per share. This is an increase from Silvercrest Asset Management Group’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, March 8th. This represents a $0.56 annualized dividend and a dividend yield of 3.53%. Silvercrest Asset Management Group’s payout ratio is presently 84.85%.
Separately, Sandler O’Neill set a $17.00 price objective on shares of Silvercrest Asset Management Group and gave the stock a “buy” rating in a report on Saturday, February 17th.
In other news, major shareholder Marital Trust Under Article 7T sold 250,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $15.00, for a total transaction of $3,750,000.00. Following the transaction, the insider now owns 648,153 shares in the company, valued at approximately $9,722,295. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 9.56% of the company’s stock.
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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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