Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Shares Sold by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC lowered its position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 251,524 shares of the asset manager’s stock after selling 10,932 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 1.81% of Silvercrest Asset Management Group worth $3,921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAMG. Keeley Teton Advisors LLC lifted its position in shares of Silvercrest Asset Management Group by 12.3% during the 4th quarter. Keeley Teton Advisors LLC now owns 228,790 shares of the asset manager’s stock worth $3,889,000 after purchasing an additional 25,102 shares during the last quarter. Invenomic Capital Management LP boosted its position in shares of Silvercrest Asset Management Group by 23.4% during the 4th quarter. Invenomic Capital Management LP now owns 265,540 shares of the asset manager’s stock worth $4,514,000 after acquiring an additional 50,389 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Silvercrest Asset Management Group in the 4th quarter valued at about $185,000. Quadrature Capital Ltd acquired a new stake in shares of Silvercrest Asset Management Group during the 4th quarter worth about $529,000. Finally, First Personal Financial Services acquired a new stake in shares of Silvercrest Asset Management Group during the 1st quarter worth about $63,000. Institutional investors and hedge funds own 47.59% of the company’s stock.

Silvercrest Asset Management Group Trading Up 1.9 %

SAMG stock opened at $17.19 on Friday. The stock has a market cap of $240.49 million, a P/E ratio of 18.09 and a beta of 0.83. Silvercrest Asset Management Group Inc. has a twelve month low of $13.93 and a twelve month high of $18.13. The company’s 50 day moving average is $16.12 and its two-hundred day moving average is $15.55.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its earnings results on Thursday, August 1st. The asset manager reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). The firm had revenue of $30.99 million during the quarter, compared to analyst estimates of $30.68 million. Silvercrest Asset Management Group had a net margin of 7.09% and a return on equity of 12.46%. During the same period last year, the company earned $0.34 earnings per share. On average, equities research analysts predict that Silvercrest Asset Management Group Inc. will post 1.54 earnings per share for the current year.

Silvercrest Asset Management Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 13th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, September 13th. This represents a $0.80 dividend on an annualized basis and a yield of 4.65%. This is a boost from Silvercrest Asset Management Group’s previous quarterly dividend of $0.19. Silvercrest Asset Management Group’s dividend payout ratio is currently 84.21%.

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.