Key Points
- Equinox Partners Investment Management bought 32,499 Silvercrest Asset Management shares at an average $10.45 each, increasing its stake by 3.89% to 867,197 shares. The purchase was disclosed in an SEC filing.
- Silvercrest exceeded quarterly expectations, reporting $0.16 EPS versus the $0.11 consensus and revenue of $32.71 million versus $31.85 million expected.
- The company declared a quarterly dividend of $0.21, equivalent to an annualized $0.84 and an 8.1% yield; however, its 763.64% payout ratio and a consensus “Reduce” rating highlight potential concerns.
Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) major shareholder Equinox Partners Investment Ma purchased 32,499 shares of the business's stock in a transaction that occurred on Thursday, October 29th. The stock was purchased at an average price of $10.45 per share, for a total transaction of $339,614.55. Following the completion of the transaction, the insider directly owned 867,197 shares in the company, valued at $9,062,208.65. This trade represents a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Equinox Partners Investment Ma also recently made the following trade(s):
- On Tuesday, October 27th, Equinox Partners Investment Ma acquired 899 shares of Silvercrest Asset Management Group stock. The shares were purchased at an average cost of $10.10 per share, for a total transaction of $9,079.90.
- On Thursday, October 22nd, Equinox Partners Investment Ma acquired 3,322 shares of Silvercrest Asset Management Group stock. The shares were purchased at an average cost of $10.42 per share, for a total transaction of $34,615.24.
- On Wednesday, October 21st, Equinox Partners Investment Ma acquired 14,744 shares of Silvercrest Asset Management Group stock. The shares were purchased at an average price of $10.33 per share, with a total value of $152,305.52.
- On Tuesday, October 20th, Equinox Partners Investment Ma acquired 10,368 shares of Silvercrest Asset Management Group stock. The shares were purchased at an average price of $10.24 per share, with a total value of $106,168.32.
- On Thursday, October 15th, Equinox Partners Investment Ma bought 5,692 shares of Silvercrest Asset Management Group stock. The stock was purchased at an average cost of $10.47 per share, with a total value of $59,595.24.
Silvercrest Asset Management Group Stock Performance
Shares of NASDAQ:SAMG opened at $10.35 on Friday. The company has a 50 day moving average price of $10.14 and a two-hundred day moving average price of $12.03. The company has a market capitalization of $122.63 million, a PE ratio of 94.10 and a beta of 0.64. Silvercrest Asset Management Group Inc. has a 52 week low of $9.09 and a 52 week high of $16.16.
Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The asset manager reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.05. The company had revenue of $32.71 million for the quarter, compared to analysts' expectations of $31.85 million. Silvercrest Asset Management Group had a net margin of 0.72% and a return on equity of 8.71%. On average, sell-side analysts forecast that Silvercrest Asset Management Group Inc. will post 0.47 earnings per share for the current year.
Silvercrest Asset Management Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be given a $0.21 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.1%. Silvercrest Asset Management Group's dividend payout ratio is currently 763.64%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on SAMG. Wall Street Zen raised Silvercrest Asset Management Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Zacks Research raised Silvercrest Asset Management Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings cut Silvercrest Asset Management Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce".
Read Our Latest Analysis on Silvercrest Asset Management Group
Institutional Trading of Silvercrest Asset Management Group
Large investors have recently bought and sold shares of the business. Ancora Advisors LLC acquired a new stake in Silvercrest Asset Management Group during the 2nd quarter worth approximately $28,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Silvercrest Asset Management Group in the third quarter valued at approximately $40,000. Cetera Investment Advisers bought a new position in Silvercrest Asset Management Group in the first quarter valued at approximately $192,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Silvercrest Asset Management Group by 12.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 29,572 shares of the asset manager's stock valued at $397,000 after buying an additional 3,191 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of Silvercrest Asset Management Group by 4.0% in the fourth quarter. Hsbc Holdings PLC now owns 68,026 shares of the asset manager's stock valued at $1,046,000 after buying an additional 2,629 shares during the period. 47.59% of the stock is owned by institutional investors.
Silvercrest Asset Management Group Company Profile
(
Get Free Report)
Silvercrest Asset Management Group, Inc is an investment advisory and wealth management firm serving high-net-worth individuals, families, family offices, institutions, and charitable organizations. The company provides customized investment management and financial planning services designed to address clients' long-term wealth objectives.
Its services include portfolio management, asset allocation, manager selection, wealth planning, family office support, and advice related to trusts, estates, and other complex financial matters.
Further Reading

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