Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) released its quarterly earnings data on Wednesday. The asset manager reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24, Bloomberg Earnings reports. The business had revenue of $22.85 million for the quarter. Silvercrest Asset Management Group had a return on equity of 17.17% and a net margin of 7.38%.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 15th will be given a $0.12 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.48 annualized dividend and a yield of 2.94%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 61.54%.

In other news, Director Brian D. Dunn purchased 5,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were acquired at an average cost of $13.28 per share, with a total value of $66,400.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $66,400. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Marital Trust Under Article 7T sold 15,150 shares of Silvercrest Asset Management Group stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $14.93, for a total transaction of $226,189.50. Following the completion of the transaction, the insider now directly owns 904,103 shares in the company, valued at $13,498,257.79. The disclosure for this sale can be found here. Insiders sold 67,750 shares of company stock worth $999,322 over the last ninety days. Corporate insiders own 9.56% of the company’s stock.

An institutional investor recently raised its position in Silvercrest Asset Management Group stock. State Street Corp grew its position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 13.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,820 shares of the asset manager’s stock after purchasing an additional 9,354 shares during the quarter. State Street Corp owned about 1.00% of Silvercrest Asset Management Group worth $1,086,000 at the end of the most recent reporting period. 45.92% of the stock is owned by hedge funds and other institutional investors.

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Silvercrest Asset Management Group Company Profile

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.

Earnings History for Silvercrest Asset Management Group (NASDAQ:SAMG)

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