Silvercrest Asset Management Group (NASDAQ:SAMG) Director John Allen Gray Buys 1,285 Shares

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Director John Allen Gray acquired 1,285 shares of the business’s stock in a transaction on Monday, December 1st. The shares were bought at an average price of $13.85 per share, with a total value of $17,797.25. Following the completion of the transaction, the director directly owned 42,895 shares of the company’s stock, valued at approximately $594,095.75. The trade was a 3.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

John Allen Gray also recently made the following trade(s):

• On Friday, November 28th, John Allen Gray bought 5,500 shares of Silvercrest Asset Management Group stock. The stock was purchased at an average cost of $13.83 per share, for a total transaction of $76,065.00.
• On Wednesday, November 26th, John Allen Gray bought 15,000 shares of Silvercrest Asset Management Group stock. The shares were purchased at an average price of $13.66 per share, for a total transaction of $204,900.00.

Silvercrest Asset Management Group Price Performance

SAMG traded down $0.15 during trading on Monday, hitting $13.65. The stock had a trading volume of 30,863 shares, compared to its average volume of 40,006. The company has a 50 day moving average price of $14.43 and a 200-day moving average price of $15.34. The firm has a market cap of $167.05 million, a price-to-earnings ratio of 15.51 and a beta of 0.77. Silvercrest Asset Management Group Inc. has a one year low of $13.23 and a one year high of $19.20.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings data on Friday, October 31st. The asset manager reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.10). Silvercrest Asset Management Group had a return on equity of 12.03% and a net margin of 6.63%.The firm had revenue of $31.30 million for the quarter, compared to the consensus estimate of $32.12 million.

Silvercrest Asset Management Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 12th will be paid a $0.21 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.84 annualized dividend and a yield of 6.2%. Silvercrest Asset Management Group’s payout ratio is 118.31%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Zacks Research downgraded shares of Silvercrest Asset Management Group from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Hedge Funds Weigh In On Silvercrest Asset Management Group

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Silvercrest Asset Management Group by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 24,716 shares of the asset manager’s stock valued at $404,000 after buying an additional 775 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Silvercrest Asset Management Group by 5.3% during the 3rd quarter. Ritholtz Wealth Management now owns 19,144 shares of the asset manager’s stock worth $302,000 after acquiring an additional 963 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Silvercrest Asset Management Group by 7.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,641 shares of the asset manager’s stock valued at $289,000 after acquiring an additional 1,211 shares during the last quarter. JPMorgan Chase & Co. raised its position in Silvercrest Asset Management Group by 9.3% during the third quarter. JPMorgan Chase & Co. now owns 15,524 shares of the asset manager’s stock valued at $245,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Silvercrest Asset Management Group by 10.3% during the first quarter. Hsbc Holdings PLC now owns 22,351 shares of the asset manager’s stock worth $368,000 after purchasing an additional 2,092 shares during the last quarter. 47.59% of the stock is owned by institutional investors.

Silvercrest Asset Management Group Company 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.