The Boston Partners Increases Position in Silvercrest Asset Management Group Inc (SAMG)

The Boston Partners Increases Position in Silvercrest Asset Management Group Inc (SAMG)

Other hedge funds also recently modified their holdings of the company. Punch & Associates Investment Management Inc. raised its position in shares of Silvercrest Asset Management Group by 13.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 568,552 shares of the asset manager’s stock worth $7,562,000 after buying an additional 65,736 shares during the period. RMB Capital Management LLC raised its position in shares of Silvercrest Asset Management Group by 61.8% in the fourth quarter. RMB Capital Management LLC now owns 274,272 shares of the asset manager’s stock worth $3,607,000 after buying an additional 104,768 shares during the period. Renaissance Technologies LLC raised its position in shares of Silvercrest Asset Management Group by 3.4% in the fourth quarter. Renaissance Technologies LLC now owns 136,100 shares of the asset manager’s stock worth $1,790,000 after buying an additional 4,500 shares during the period. Cadence Capital Management LLC raised its position in shares of Silvercrest Asset Management Group by 2.5% in the fourth quarter. Cadence Capital Management LLC now owns 90,306 shares of the asset manager’s stock worth $1,188,000 after buying an additional 2,172 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of Silvercrest Asset Management Group during the fourth quarter worth approximately $907,000. Hedge funds and other institutional investors own 74.17% of the company’s stock.

Boston Partners increased its position in shares of Silvercrest Asset Management Group Inc (NASDAQ:SAMG) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 532,101 shares of the asset manager’s stock after buying an additional 7,585 shares during the period. Boston Partners owned 6.59% of Silvercrest Asset Management Group worth $7,077,000 at the end of the most recent reporting period.

Silvercrest Asset Management Group Inc (SAMG) opened at 13.40 on Monday. The stock’s 50 day moving average is $12.91 and its 200-day moving average is $13.32. Silvercrest Asset Management Group Inc has a one year low of $11.07 and a one year high of $14.50. The firm has a market cap of $108.55 million, a price-to-earnings ratio of 20.00 and a beta of 1.37.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Thursday, March 9th. The asset manager reported $0.19 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.19. The firm had revenue of $21.19 million for the quarter. Silvercrest Asset Management Group had a net margin of 5.88% and a return on equity of 15.58%. On average, equities research analysts expect that Silvercrest Asset Management Group Inc will post $0.88 earnings per share for the current fiscal year. The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 13th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Friday, June 9th. Silvercrest Asset Management Group’s payout ratio is 82.76%.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Thursday, March 9th. The asset manager reported $0.19 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.19. The firm had revenue of $21.19 million for the quarter. Silvercrest Asset Management Group had a net margin of 5.88% and a return on equity of 15.58%. On average, equities research analysts expect that Silvercrest Asset Management Group Inc will post $0.88 earnings per share for the current fiscal year. About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc (Silvercrest) is a full-service wealth management firm focused on providing financial advisory and related family office services to ultra-high net worth individuals and institutional investors. The Company offers a suite of family office services for families seeking oversight of financial affairs.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SAMG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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