North Star Investment Management Corp. Makes New Investment in Silvercrest Asset Management Group Inc. $SAMG

North Star Investment Management Corp. bought a new stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 110,000 shares of the asset manager’s stock, valued at approximately $1,478,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SAMG. Hsbc Holdings PLC boosted its stake in shares of Silvercrest Asset Management Group by 4.0% during the 4th quarter. Hsbc Holdings PLC now owns 68,026 shares of the asset manager’s stock worth $1,046,000 after acquiring an additional 2,629 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Silvercrest Asset Management Group by 64.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,030 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 798 shares in the last quarter. Rothschild Wealth LLC acquired a new position in Silvercrest Asset Management Group during the fourth quarter worth $1,950,000. Marshall Wace LLP raised its holdings in Silvercrest Asset Management Group by 18.5% during the fourth quarter. Marshall Wace LLP now owns 40,852 shares of the asset manager’s stock worth $621,000 after purchasing an additional 6,366 shares during the last quarter. Finally, Boston Partners boosted its position in Silvercrest Asset Management Group by 9.3% during the fourth quarter. Boston Partners now owns 232,310 shares of the asset manager’s stock worth $3,529,000 after purchasing an additional 19,753 shares in the last quarter. 47.59% of the stock is currently owned by institutional investors and hedge funds.

Silvercrest Asset Management Group Stock Down 11.3%

Shares of NASDAQ:SAMG opened at $10.30 on Tuesday. The company has a market capitalization of $122.06 million, a P/E ratio of 34.33 and a beta of 0.64. Silvercrest Asset Management Group Inc. has a 52-week low of $10.13 and a 52-week high of $16.99. The stock’s fifty day simple moving average is $11.88 and its 200-day simple moving average is $13.72.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings data on Monday, May 11th. The asset manager reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). Silvercrest Asset Management Group had a return on equity of 10.51% and a net margin of 2.12%.The company had revenue of $31.41 million for the quarter, compared to analysts’ expectations of $31.85 million. On average, sell-side analysts anticipate that Silvercrest Asset Management Group Inc. will post 0.53 earnings per share for the current year.

Silvercrest Asset Management Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 12th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend was Friday, June 12th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is currently 280.00%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Weiss Ratings lowered Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. Zacks Research downgraded Silvercrest Asset Management Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut shares of Silvercrest Asset Management Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.