Silvercrest Asset Management Group Inc. (SAMG) Scheduled to Post Earnings on Thursday
Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) will release its earnings data before the market opens on Thursday, November 2nd. Analysts expect Silvercrest Asset Management Group to post earnings of $0.24 per share for the quarter.
Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $22.09 million during the quarter. Silvercrest Asset Management Group had a net margin of 7.38% and a return on equity of 17.17%. On average, analysts expect Silvercrest Asset Management Group to post $0.92 EPS for the current fiscal year and $1.11 EPS for the next fiscal year.
Shares of Silvercrest Asset Management Group Inc. (NASDAQ SAMG) opened at 16.30 on Wednesday. The firm has a 50-day moving average of $14.44 and a 200-day moving average of $13.33. The firm has a market capitalization of $132.14 million, a PE ratio of 20.90 and a beta of 1.31. Silvercrest Asset Management Group Inc. has a 12-month low of $11.07 and a 12-month high of $16.30.
In other Silvercrest Asset Management Group news, major shareholder Marital Trust Under Article 7T sold 2,500 shares of the company’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $14.51, for a total value of $36,275.00. Following the completion of the transaction, the insider now directly owns 927,003 shares in the company, valued at approximately $13,450,813.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian D. Dunn acquired 5,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was bought at an average price of $13.28 per share, with a total value of $66,400.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $66,400. The disclosure for this purchase can be found here. Insiders sold a total of 67,750 shares of company stock valued at $999,322 over the last 90 days. Company 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 stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 13.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 quarter. 45.92% of the stock is currently owned by institutional investors and hedge funds.
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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.
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