Bailard Inc. Buys Shares of 16,969 Silvercrest Asset Management Group Inc. $SAMG

Bailard Inc. purchased a new position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 16,969 shares of the asset manager’s stock, valued at approximately $269,000. Bailard Inc. owned approximately 0.13% of Silvercrest Asset Management Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SAMG. Jane Street Group LLC bought a new position in Silvercrest Asset Management Group in the first quarter valued at $242,000. R Squared Ltd increased its position in shares of Silvercrest Asset Management Group by 126.9% during the 1st quarter. R Squared Ltd now owns 15,111 shares of the asset manager’s stock valued at $247,000 after purchasing an additional 8,451 shares during the last quarter. Ritholtz Wealth Management bought a new position in shares of Silvercrest Asset Management Group during the 2nd quarter valued at about $288,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Silvercrest Asset Management Group by 7.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,641 shares of the asset manager’s stock valued at $289,000 after buying an additional 1,211 shares in the last quarter. Finally, Roberts Glore & Co. Inc. IL lifted its position in Silvercrest Asset Management Group by 26.6% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 18,658 shares of the asset manager’s stock worth $296,000 after buying an additional 3,925 shares during the last quarter. Hedge funds and other institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Stock Performance

Shares of Silvercrest Asset Management Group stock opened at $13.82 on Friday. Silvercrest Asset Management Group Inc. has a 52-week low of $13.54 and a 52-week high of $19.20. The stock has a market capitalization of $169.13 million, a price-to-earnings ratio of 15.70 and a beta of 0.77. The company’s 50 day moving average price is $15.00 and its 200-day moving average price is $15.47.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings results on Friday, October 31st. The asset manager reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.10). Silvercrest Asset Management Group had a return on equity of 12.03% and a net margin of 6.63%.The business had revenue of $31.30 million during the quarter, compared to the consensus estimate of $32.12 million.

Silvercrest Asset Management Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 12th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, December 12th. This represents a $0.84 annualized dividend and a yield of 6.1%. Silvercrest Asset Management Group’s payout ratio is 118.31%.

Analyst Ratings Changes

A number of brokerages have commented on SAMG. Zacks Research cut shares of Silvercrest Asset Management Group from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

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.