Silvercrest Asset Management Group Inc (SAMG) Holdings Cut by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC trimmed its position in Silvercrest Asset Management Group Inc (NASDAQ:SAMG) by 10.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 251,794 shares of the asset manager’s stock after selling 28,953 shares during the period. Pacific Ridge Capital Partners LLC owned about 1.87% of Silvercrest Asset Management Group worth $3,487,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cadence Capital Management LLC grew its position in shares of Silvercrest Asset Management Group by 18.8% during the 3rd quarter. Cadence Capital Management LLC now owns 146,572 shares of the asset manager’s stock valued at $2,030,000 after acquiring an additional 23,232 shares during the period. BlackRock Inc. grew its position in shares of Silvercrest Asset Management Group by 26.0% during the 2nd quarter. BlackRock Inc. now owns 489,782 shares of the asset manager’s stock valued at $7,984,000 after acquiring an additional 100,966 shares during the period. Renaissance Technologies LLC grew its position in shares of Silvercrest Asset Management Group by 16.9% during the 2nd quarter. Renaissance Technologies LLC now owns 205,300 shares of the asset manager’s stock valued at $3,346,000 after acquiring an additional 29,700 shares during the period. Schwab Charles Investment Management Inc. bought a new position in shares of Silvercrest Asset Management Group during the 2nd quarter valued at approximately $255,000. Finally, First Quadrant L P CA grew its position in shares of Silvercrest Asset Management Group by 281.1% during the 3rd quarter. First Quadrant L P CA now owns 10,965 shares of the asset manager’s stock valued at $152,000 after acquiring an additional 8,088 shares during the period. 49.48% of the stock is owned by hedge funds and other institutional investors.

In other Silvercrest Asset Management Group news, Director Brian D. Dunn acquired 1,900 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was bought at an average cost of $15.23 per share, with a total value of $28,937.00. Following the acquisition, the director now owns 6,900 shares in the company, valued at $105,087. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.17% of the stock is currently owned by company insiders.

Silvercrest Asset Management Group stock opened at $14.44 on Friday. Silvercrest Asset Management Group Inc has a twelve month low of $12.22 and a twelve month high of $18.26. The company has a market cap of $192.21 million, a PE ratio of 12.11 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results on Thursday, November 1st. The asset manager reported $0.31 earnings per share for the quarter. Silvercrest Asset Management Group had a net margin of 6.76% and a return on equity of 19.13%. The firm had revenue of $24.93 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 14th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.88%. The ex-dividend date is Thursday, December 13th.

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Silvercrest Asset Management Group Profile

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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Institutional Ownership by Quarter for Silvercrest Asset Management Group (NASDAQ:SAMG)

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