Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC reduced its holdings in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,202 shares of the asset manager’s stock after selling 1,075 shares during the period. Bridgeway Capital Management LLC’s holdings in Silvercrest Asset Management Group were worth $463,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Barclays PLC raised its holdings in Silvercrest Asset Management Group by 48.8% in the third quarter. Barclays PLC now owns 30,814 shares of the asset manager’s stock valued at $531,000 after acquiring an additional 10,110 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Silvercrest Asset Management Group by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager’s stock worth $355,000 after purchasing an additional 9,209 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Silvercrest Asset Management Group in the 4th quarter valued at about $122,000. Charles Schwab Investment Management Inc. raised its stake in shares of Silvercrest Asset Management Group by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,818 shares of the asset manager’s stock valued at $493,000 after purchasing an additional 1,857 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Silvercrest Asset Management Group by 12.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,430 shares of the asset manager’s stock worth $302,000 after purchasing an additional 1,781 shares during the last quarter. Institutional investors and hedge funds own 47.59% of the company’s stock.

Silvercrest Asset Management Group Trading Down 10.3%

Shares of SAMG opened at $14.50 on Monday. Silvercrest Asset Management Group Inc. has a 52 week low of $13.54 and a 52 week high of $19.20. The firm has a market cap of $197.69 million, a price-to-earnings ratio of 18.13 and a beta of 0.84. The stock has a 50 day moving average of $15.90 and a 200-day moving average of $17.35.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its quarterly earnings data on Thursday, May 8th. The asset manager reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). The firm had revenue of $31.39 million for the quarter, compared to the consensus estimate of $33.21 million. Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 13th will be given a $0.20 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.52%. Silvercrest Asset Management Group’s payout ratio is currently 79.21%.

Analyst Ratings Changes

Separately, StockNews.com raised Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 13th.

Silvercrest Asset Management Group 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.