Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 11.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,037 shares of the asset manager’s stock after purchasing an additional 17,800 shares during the period. Renaissance Technologies LLC owned 1.24% of Silvercrest Asset Management Group worth $2,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SAMG. BNP Paribas Financial Markets increased its holdings in shares of Silvercrest Asset Management Group by 8.9% in the 1st quarter. BNP Paribas Financial Markets now owns 8,450 shares of the asset manager’s stock worth $134,000 after acquiring an additional 692 shares during the period. First Personal Financial Services increased its stake in Silvercrest Asset Management Group by 50.0% during the 2nd quarter. First Personal Financial Services now owns 6,000 shares of the asset manager’s stock valued at $94,000 after buying an additional 2,000 shares during the period. Rhumbline Advisers increased its stake in Silvercrest Asset Management Group by 15.7% during the 2nd quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager’s stock valued at $237,000 after buying an additional 2,072 shares during the period. Quadrature Capital Ltd increased its stake in Silvercrest Asset Management Group by 6.7% during the 1st quarter. Quadrature Capital Ltd now owns 33,242 shares of the asset manager’s stock valued at $519,000 after buying an additional 2,099 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Silvercrest Asset Management Group by 6.2% during the 1st quarter. Russell Investments Group Ltd. now owns 49,502 shares of the asset manager’s stock valued at $783,000 after buying an additional 2,905 shares during the period. 47.59% of the stock is owned by institutional investors and hedge funds.

Silvercrest Asset Management Group Trading Up 0.3 %

Silvercrest Asset Management Group stock opened at $17.24 on Tuesday. The stock has a market cap of $239.81 million, a price-to-earnings ratio of 18.15 and a beta of 0.83. The company’s 50-day moving average price is $16.13 and its two-hundred day moving average price is $15.56. Silvercrest Asset Management Group Inc. has a 52 week low of $13.93 and a 52 week high of $18.13.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results on Thursday, August 1st. The asset manager reported $0.30 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.10). Silvercrest Asset Management Group had a net margin of 7.09% and a return on equity of 12.46%. The company had revenue of $30.99 million for the quarter, compared to analyst estimates of $30.68 million. During the same period in the previous year, the business posted $0.34 EPS. Research analysts expect that Silvercrest Asset Management Group Inc. will post 1.54 earnings per share for the current fiscal year.

Silvercrest Asset Management Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 13th were given a dividend of $0.20 per share. This is a positive change from Silvercrest Asset Management Group’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, September 13th. This represents a $0.80 annualized dividend and a dividend yield of 4.64%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 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.