Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Major Shareholder Buys $76,935.60 in Stock

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) major shareholder Path Smaller Companies Fu Long purchased 5,112 shares of Silvercrest Asset Management Group stock in a transaction on Tuesday, April 30th. The stock was bought at an average cost of $15.05 per share, with a total value of $76,935.60. Following the transaction, the insider now directly owns 940,798 shares of the company’s stock, valued at $14,159,009.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Silvercrest Asset Management Group Stock Performance

NASDAQ SAMG opened at $14.48 on Friday. Silvercrest Asset Management Group Inc. has a twelve month low of $13.93 and a twelve month high of $23.20. The stock has a market capitalization of $201.35 million, a PE ratio of 15.24 and a beta of 0.86. The stock has a 50-day simple moving average of $15.35 and a 200 day simple moving average of $16.19.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings data on Thursday, March 7th. The asset manager reported $0.07 earnings per share for the quarter. Silvercrest Asset Management Group had a return on equity of 12.87% and a net margin of 7.52%. The business had revenue of $28.54 million during the quarter. As a group, equities research analysts forecast that Silvercrest Asset Management Group Inc. will post 1.54 EPS for the current fiscal year.

Silvercrest Asset Management Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 14th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, June 14th. This represents a $0.76 annualized dividend and a yield of 5.25%. Silvercrest Asset Management Group’s dividend payout ratio is 80.00%.

Hedge Funds Weigh In On Silvercrest Asset Management Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. increased its stake in Silvercrest Asset Management Group by 125.9% during the third quarter. Citigroup Inc. now owns 27,942 shares of the asset manager’s stock valued at $443,000 after acquiring an additional 15,571 shares during the period. Diamond Hill Capital Management Inc. increased its stake in Silvercrest Asset Management Group by 21.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 102,296 shares of the asset manager’s stock valued at $1,623,000 after acquiring an additional 18,146 shares during the period. Bank of New York Mellon Corp increased its stake in Silvercrest Asset Management Group by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 70,060 shares of the asset manager’s stock valued at $1,112,000 after acquiring an additional 697 shares during the period. Barclays PLC increased its stake in Silvercrest Asset Management Group by 8.1% during the third quarter. Barclays PLC now owns 13,822 shares of the asset manager’s stock valued at $219,000 after acquiring an additional 1,033 shares during the period. Finally, Millington Financial Advisors LLC increased its stake in Silvercrest Asset Management Group by 3.7% during the third quarter. Millington Financial Advisors LLC now owns 65,712 shares of the asset manager’s stock valued at $1,043,000 after acquiring an additional 2,357 shares during the period. 47.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.