Key Points
- Director John Allen Gray bought 1,285 shares on Dec. 1 at $13.85, bringing his direct stake to 42,895 shares, and his late-November purchases (15,000 on Nov. 26 and 5,500 on Nov. 28) mean he accumulated a total of 21,785 shares recently for roughly $299k.
- Silvercrest missed quarterly EPS ($0.19 vs. $0.29) and announced a quarterly dividend of $0.21 (annualized $0.84) with a yield of 6.2% and a payout ratio near 118%, while analyst sentiment sits at a consensus "Reduce."
Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) Director John Allen Gray bought 1,285 shares of the firm's stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average cost of $13.85 per share, with a total value of $17,797.25. Following the purchase, the director directly owned 42,895 shares of the company's stock, valued at $594,095.75. This trade represents a 3.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
John Allen Gray also recently made the following trade(s):
- On Friday, November 28th, John Allen Gray purchased 5,500 shares of Silvercrest Asset Management Group stock. The stock was acquired at an average cost of $13.83 per share, for a total transaction of $76,065.00.
- On Wednesday, November 26th, John Allen Gray purchased 15,000 shares of Silvercrest Asset Management Group stock. The shares were acquired at an average price of $13.66 per share, for a total transaction of $204,900.00.
Silvercrest Asset Management Group Stock Down 1.1%
Shares of SAMG stock opened at $13.65 on Tuesday. The firm has a 50 day moving average of $14.43 and a 200-day moving average of $15.34. The company has a market cap of $167.05 million, a price-to-earnings ratio of 15.51 and a beta of 0.77. Silvercrest Asset Management Group Inc. has a 52 week low of $13.23 and a 52 week high of $19.20.
Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last issued its earnings results on Friday, October 31st. The asset manager reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.10). The company had revenue of $31.30 million for the quarter, compared to the consensus estimate of $32.12 million. Silvercrest Asset Management Group had a return on equity of 12.03% and a net margin of 6.63%.
Silvercrest Asset Management Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 12th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, December 12th. Silvercrest Asset Management Group's dividend payout ratio is 118.31%.
Institutional Investors Weigh In On Silvercrest Asset Management Group
A number of institutional investors and hedge funds have recently made changes to their positions in SAMG. Police & Firemen s Retirement System of New Jersey bought a new position in Silvercrest Asset Management Group in the 2nd quarter valued at about $34,000. BNP Paribas Financial Markets increased its holdings in Silvercrest Asset Management Group by 1,200.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,373 shares of the asset manager's stock worth $149,000 after purchasing an additional 8,652 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Silvercrest Asset Management Group during the 2nd quarter worth approximately $167,000. Jane Street Group LLC purchased a new stake in shares of Silvercrest Asset Management Group in the first quarter worth approximately $242,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Silvercrest Asset Management Group by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 15,524 shares of the asset manager's stock valued at $245,000 after purchasing an additional 1,315 shares in the last quarter. Institutional investors and hedge funds own 47.59% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on SAMG. Zacks Research lowered Silvercrest Asset Management Group from a "hold" rating to a "strong sell" rating in a research report on Monday, November 3rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Silvercrest Asset Management Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce".
View Our Latest Research Report on SAMG
Silvercrest Asset Management Group Company Profile
(
Get Free Report)
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.
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