245,031 Shares in Silvercrest Asset Management Group Inc. $SAMG Acquired by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. acquired a new stake in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 245,031 shares of the asset manager’s stock, valued at approximately $3,293,000.

Other large investors have also recently bought and sold shares of the company. Boston Partners raised its holdings in Silvercrest Asset Management Group by 9.3% in 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 during the period. Diamond Hill Capital Management Inc. grew its holdings in shares of Silvercrest Asset Management Group by 9.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 189,085 shares of the asset manager’s stock valued at $2,872,000 after buying an additional 17,051 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Silvercrest Asset Management Group by 3.0% in the 1st quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager’s stock valued at $2,174,000 after buying an additional 4,700 shares during the period. Rothschild Wealth LLC bought a new stake in shares of Silvercrest Asset Management Group in the 4th quarter valued at $1,950,000. Finally, North Star Investment Management Corp. bought a new stake in shares of Silvercrest Asset Management Group in the 1st quarter valued at $1,478,000. Institutional investors own 47.59% of the company’s stock.

Analysts Set New Price Targets

Several research 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. Wall Street Zen downgraded Silvercrest Asset Management Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Zacks Research downgraded Silvercrest Asset Management Group from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Silvercrest Asset Management Group Stock Performance

Shares of SAMG opened at $9.95 on Friday. Silvercrest Asset Management Group Inc. has a twelve month low of $9.57 and a twelve month high of $16.99. The firm’s 50 day moving average price is $10.78 and its two-hundred day moving average price is $13.08. The firm has a market cap of $117.91 million, a P/E ratio of 33.17 and a beta of 0.66.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings results on Monday, May 11th. The asset manager reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). Silvercrest Asset Management Group had a net margin of 2.12% and a return on equity of 10.51%. The company had revenue of $31.41 million during the quarter, compared to analyst estimates 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 fiscal year.

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 12th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend was Friday, June 12th. Silvercrest Asset Management Group’s payout ratio is currently 280.00%.

Silvercrest Asset Management Group Profile

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.