Silvercrest Asset Management Group (NASDAQ:SAMG) Major Shareholder Equinox Partners Investment Ma Buys 32,499 Shares of Company Stock

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) major shareholder Equinox Partners Investment Ma purchased 32,499 shares of Silvercrest Asset Management Group stock in a transaction dated Thursday, October 29th. The shares were acquired at an average cost of $10.45 per share, for a total transaction of $339,614.55. Following the transaction, the insider directly owned 867,197 shares of the company’s stock, valued at approximately $9,062,208.65. This represents a 3.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Equinox Partners Investment Ma also recently made the following trade(s):

• On Tuesday, October 27th, Equinox Partners Investment Ma purchased 899 shares of Silvercrest Asset Management Group stock. The stock was bought at an average price of $10.10 per share, for a total transaction of $9,079.90.
• On Thursday, October 22nd, Equinox Partners Investment Ma purchased 3,322 shares of Silvercrest Asset Management Group stock. The shares were purchased at an average price of $10.42 per share, for a total transaction of $34,615.24.
• On Wednesday, October 21st, Equinox Partners Investment Ma purchased 14,744 shares of Silvercrest Asset Management Group stock. The shares were bought 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 acquired at an average cost of $10.24 per share, for a total transaction of $106,168.32.
• On Thursday, October 15th, Equinox Partners Investment Ma purchased 5,692 shares of Silvercrest Asset Management Group stock. The shares were purchased at an average cost of $10.47 per share, with a total value of $59,595.24.

Silvercrest Asset Management Group Stock Down 0.9%

Shares of SAMG stock traded down $0.09 on Thursday, reaching $10.35. 99,498 shares of the stock were exchanged, compared to its average volume of 54,807. Silvercrest Asset Management Group Inc. has a 1-year low of $9.09 and a 1-year high of $16.16. The stock has a market cap of $122.65 million, a P/E ratio of 94.10 and a beta of 0.64. The firm has a 50 day moving average of $10.13 and a two-hundred day moving average of $12.05.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Thursday, October 29th. The asset manager reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Silvercrest Asset Management Group had a return on equity of 8.71% and a net margin of 0.72%. The firm had revenue of $32.71 million during the quarter, compared to the consensus estimate of $31.85 million. On average, equities research analysts predict that Silvercrest Asset Management Group Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAMG has been the subject of several recent analyst reports. Wall Street Zen raised Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings cut Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 20th. Finally, Zacks Research upgraded shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Silvercrest Asset Management Group currently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Silvercrest Asset Management Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Silvercrest Asset Management Group during the second quarter worth about $3,655,000. Punch & Associates Investment Management Inc. bought a new stake in shares of Silvercrest Asset Management Group during the first quarter worth about $3,293,000. Renaissance Technologies LLC lifted its holdings in Silvercrest Asset Management Group by 3.0% during the 1st quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager’s stock worth $2,174,000 after buying an additional 4,700 shares during the period. Hsbc Holdings PLC lifted its stake in 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. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Silvercrest Asset Management Group by 12.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 29,572 shares of the asset manager’s stock worth $397,000 after purchasing an additional 3,191 shares in the last quarter. 47.59% of the stock is owned by institutional investors and hedge funds.

Silvercrest Asset Management Group Company Profile

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.