Silvercrest Asset Management Group (NASDAQ:SAMG) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Silvercrest Asset Management Group (NASDAQ:SAMG) released its quarterly earnings results on Thursday. The asset manager reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05, FiscalAI reports. Silvercrest Asset Management Group had a return on equity of 8.71% and a net margin of 0.72%. The business had revenue of $32.71 million during the quarter, compared to analyst estimates of $31.85 million.

Silvercrest Asset Management Group Price Performance

Shares of SAMG stock traded up $1.02 during trading on Friday, hitting $11.37. 21,887 shares of the stock traded hands, compared to its average volume of 54,637. The firm has a market capitalization of $134.70 million, a P/E ratio of 103.34 and a beta of 0.64. Silvercrest Asset Management Group has a 52-week low of $9.09 and a 52-week high of $16.16. The firm’s fifty day moving average price is $10.14 and its 200-day moving average price is $12.03.

Silvercrest Asset Management Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be issued a $0.21 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.84 dividend on an annualized basis and a yield of 7.4%. Silvercrest Asset Management Group’s dividend payout ratio is presently 763.64%.

Silvercrest Asset Management Group News Roundup

Here are the key news stories impacting Silvercrest Asset Management Group this week:

• Positive Sentiment: Quarterly earnings and revenue beat estimates. Silvercrest reported third-quarter EPS of $0.16, above the $0.11–$0.12 analyst consensus, while revenue rose 4.5% year over year to $32.7 million versus expectations of $31.85 million. Silvercrest Q3 earnings and revenue beat estimates
• Positive Sentiment: Major shareholder continued buying shares. Equinox Partners Investment Management acquired 32,499 shares for approximately $339,615 at an average price of $10.45, increasing its position by 3.89%. The investor has made multiple purchases recently and no reported sales in the past six months, a potential confidence signal. Equinox Partners insider purchase
• Positive Sentiment: Silvercrest maintained its quarterly dividend. The company declared a $0.21-per-share payment scheduled for December 18, equivalent to $0.84 annually and an indicated yield of roughly 8%. Silvercrest declares quarterly dividend
• Neutral Sentiment: Profitability improved modestly, but remains limited. GAAP net income increased to $1.2 million from $1.1 million a year earlier, while net income attributable to Silvercrest was $0.6 million, or $0.08 per share.
• Negative Sentiment: Assets under management declined sequentially. Total AUM fell $0.8 billion to $36.2 billion, including a $0.9 billion decline in discretionary AUM to $23.8 billion. Lower AUM can pressure future fee revenue and earnings. Silvercrest reports third-quarter revenue and AUM
• Negative Sentiment: The dividend may be difficult to sustain if earnings remain weak. Reported annualized dividends of $0.84 substantially exceed the approximately $0.47 in expected full-year EPS, implying a very high payout ratio.

Insider Activity

In related news, major shareholder Equinox Partners Investment Ma purchased 32,499 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The shares were purchased at an average cost of $10.45 per share, for a total transaction of $339,614.55. Following the purchase, the insider directly owned 867,197 shares of the company’s stock, valued at $9,062,208.65. The trade was a 3.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 67,524 shares of company stock worth $701,379. 21.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SAMG shares. Zacks Research raised Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings downgraded shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen raised Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group, Inc is an investment advisory and wealth management firm serving high-net-worth individuals, families, family offices, institutions, and charitable organizations. The company provides customized investment management and financial planning services designed to address clients’ long-term wealth objectives.

Its services include portfolio management, asset allocation, manager selection, wealth planning, family office support, and advice related to trusts, estates, and other complex financial matters.