Royce & Associates LP Sells 6,300 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Royce & Associates LP trimmed its holdings in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 1.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 580,000 shares of the asset manager’s stock after selling 6,300 shares during the quarter. Royce & Associates LP’s holdings in Silvercrest Asset Management Group were worth $10,666,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Silvercrest Asset Management Group by 30.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager’s stock worth $253,000 after acquiring an additional 3,446 shares in the last quarter. Martingale Asset Management L P boosted its position in shares of Silvercrest Asset Management Group by 111.2% during the 3rd quarter. Martingale Asset Management L P now owns 22,447 shares of the asset manager’s stock worth $387,000 after purchasing an additional 11,818 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Silvercrest Asset Management Group by 55.6% during the 3rd quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock worth $345,000 after purchasing an additional 7,155 shares in the last quarter. Barclays PLC grew its stake in shares of Silvercrest Asset Management Group by 48.8% in the 3rd quarter. Barclays PLC now owns 30,814 shares of the asset manager’s stock valued at $531,000 after buying an additional 10,110 shares during the period. Finally, Geode Capital Management LLC increased its position in Silvercrest Asset Management Group by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager’s stock valued at $3,852,000 after buying an additional 10,477 shares in the last quarter. Institutional investors and hedge funds own 47.59% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 12th.

Silvercrest Asset Management Group Trading Down 0.9 %

Shares of SAMG stock opened at $16.70 on Tuesday. The firm has a fifty day simple moving average of $18.05 and a two-hundred day simple moving average of $17.66. Silvercrest Asset Management Group Inc. has a 12 month low of $13.93 and a 12 month high of $19.20. The firm has a market capitalization of $231.55 million, a PE ratio of 20.88 and a beta of 0.84.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its earnings results on Thursday, March 6th. The asset manager reported $0.20 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.13). Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%. The business had revenue of $31.96 million for the quarter, compared to the consensus estimate of $31.97 million.

Silvercrest Asset Management Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 14th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Friday, March 14th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 79.21%.

Silvercrest Asset Management Group Profile

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.