11,241 Shares in Silvercrest Asset Management Group Inc (SAMG) Acquired by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC acquired a new position in Silvercrest Asset Management Group Inc (NASDAQ:SAMG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,241 shares of the asset manager’s stock, valued at approximately $180,000. Stone Ridge Asset Management LLC owned about 0.09% of Silvercrest Asset Management Group as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bailard Inc. bought a new stake in shares of Silvercrest Asset Management Group in the fourth quarter worth $322,000. Dimensional Fund Advisors LP grew its stake in shares of Silvercrest Asset Management Group by 14.2% in the third quarter. Dimensional Fund Advisors LP now owns 66,688 shares of the asset manager’s stock worth $970,000 after purchasing an additional 8,316 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Silvercrest Asset Management Group by 346.0% in the fourth quarter. Acadian Asset Management LLC now owns 17,642 shares of the asset manager’s stock worth $283,000 after purchasing an additional 13,686 shares during the last quarter. Cadence Capital Management LLC lifted its holdings in Silvercrest Asset Management Group by 6.7% in the fourth quarter. Cadence Capital Management LLC now owns 110,158 shares of the asset manager’s stock valued at $1,768,000 after buying an additional 6,947 shares during the period. Finally, Boston Partners lifted its holdings in Silvercrest Asset Management Group by 2.8% in the fourth quarter. Boston Partners now owns 636,271 shares of the asset manager’s stock valued at $10,212,000 after buying an additional 17,521 shares during the period. 46.48% of the stock is currently owned by institutional investors.

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Separately, Sandler O’Neill set a $17.00 target price on shares of Silvercrest Asset Management Group and gave the company a “buy” rating in a report on Saturday, February 17th.

SAMG stock opened at $15.90 on Friday. The firm has a market capitalization of $209.90, a P/E ratio of 16.74 and a beta of 1.06. Silvercrest Asset Management Group Inc has a 12-month low of $11.85 and a 12-month high of $16.80.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results on Friday, March 9th. The asset manager reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The business had revenue of $24.47 million for the quarter. Silvercrest Asset Management Group had a net margin of 5.84% and a return on equity of 18.75%.

The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, March 9th were issued a $0.14 dividend. This is a positive change from Silvercrest Asset Management Group’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.56 annualized dividend and a yield of 3.52%.

In related news, major shareholder Marital Trust Under Article 7T sold 250,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $15.00, for a total value of $3,750,000.00. Following the transaction, the insider now owns 648,153 shares in the company, valued at $9,722,295. The transaction was disclosed in a document filed with the SEC, which is available through this link. 9.56% of the stock is owned by insiders.

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About Silvercrest Asset Management Group

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.

Want to see what other hedge funds are holding SAMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silvercrest Asset Management Group Inc (NASDAQ:SAMG).

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

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