Silvercrest Asset Management Group (NASDAQ:SAMG) Stock: Insider Equinox Partners Investment Ma Acquires 14,744 Shares

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) major shareholder Equinox Partners Investment Ma purchased 14,744 shares of the firm’s stock in a transaction on Wednesday, October 21st. The stock was bought at an average price of $10.33 per share, for a total transaction of $152,305.52. Following the acquisition, the insider owned 830,477 shares in the company, valued at $8,578,827.41. The trade was a 1.81% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Equinox Partners Investment Ma also recently made the following trade(s):

• On Thursday, October 22nd, Equinox Partners Investment Ma bought 3,322 shares of Silvercrest Asset Management Group stock. The shares were acquired at an average cost of $10.42 per share, with a total value of $34,615.24.
• On Tuesday, October 20th, Equinox Partners Investment Ma acquired 10,368 shares of Silvercrest Asset Management Group stock. The stock was acquired at an average cost of $10.24 per share, with a total value of $106,168.32.
• On Thursday, October 15th, Equinox Partners Investment Ma acquired 5,692 shares of Silvercrest Asset Management Group stock. The stock was bought at an average cost of $10.47 per share, for a total transaction of $59,595.24.

Silvercrest Asset Management Group Price Performance

Silvercrest Asset Management Group stock traded down $0.51 during midday trading on Friday, hitting $10.12. 75,926 shares of the company were exchanged, compared to its average volume of 54,403. The company’s fifty day moving average price is $10.13 and its 200-day moving average price is $10.97. The company has a market cap of $119.92 million, a PE ratio of 92.01 and a beta of 0.64. Silvercrest Asset Management Group Inc. has a fifty-two week low of $9.09 and a fifty-two week high of $16.16.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its earnings results on Friday, July 31st. The asset manager reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Silvercrest Asset Management Group had a return on equity of 8.71% and a net margin of 0.72%. The company had revenue of $30.78 million during the quarter, compared to the consensus estimate of $30.90 million. On average, analysts expect that Silvercrest Asset Management Group Inc. will post 0.47 EPS for the current fiscal year.

Silvercrest Asset Management Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 11th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend was Friday, September 11th. Silvercrest Asset Management Group’s dividend payout ratio is currently 763.64%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings lowered Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, August 20th. Finally, Wall Street Zen upgraded Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Institutional Trading of Silvercrest Asset Management Group

Institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC bought a new stake in shares of Silvercrest Asset Management Group in the 2nd quarter worth $28,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Silvercrest Asset Management Group during the second quarter valued at about $3,655,000. Punch & Associates Investment Management Inc. bought a new position in Silvercrest Asset Management Group during the first quarter valued at about $3,293,000. Renaissance Technologies LLC grew its holdings in Silvercrest Asset Management Group by 3.0% during the first quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager’s stock worth $2,174,000 after acquiring an additional 4,700 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Silvercrest Asset Management Group by 12.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 29,572 shares of the asset manager’s stock worth $397,000 after acquiring an additional 3,191 shares during the period. 47.59% of the stock is owned by institutional investors and hedge funds.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group, Inc is a wealth management and investment advisory firm serving high-net-worth individuals, families, family offices, foundations, endowments and other institutional clients. The company provides customized portfolio management and broader wealth planning services designed to address clients’ investment, tax, estate and philanthropic objectives.

Silvercrest offers investment strategies across publicly traded equities, fixed income and alternative investments.