R Squared Ltd Boosts Stock Holdings in Silvercrest Asset Management Group Inc. $SAMG

R Squared Ltd grew its position in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 72.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,107 shares of the asset manager’s stock after acquiring an additional 10,996 shares during the quarter. R Squared Ltd’s holdings in Silvercrest Asset Management Group were worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Nuveen LLC purchased a new position in Silvercrest Asset Management Group during the 1st quarter worth $331,000. Bank of New York Mellon Corp boosted its holdings in Silvercrest Asset Management Group by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 24,716 shares of the asset manager’s stock worth $404,000 after acquiring an additional 775 shares during the last quarter. Ritholtz Wealth Management purchased a new position in Silvercrest Asset Management Group during the 2nd quarter worth $288,000. Diamond Hill Capital Management Inc. boosted its holdings in Silvercrest Asset Management Group by 1.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 127,009 shares of the asset manager’s stock worth $2,078,000 after acquiring an additional 1,314 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Silvercrest Asset Management Group by 7.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,641 shares of the asset manager’s stock worth $289,000 after acquiring an additional 1,211 shares during the last quarter. 47.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Silvercrest Asset Management Group Price Performance

NASDAQ SAMG opened at $14.70 on Friday. The stock has a market capitalization of $184.73 million, a price-to-earnings ratio of 16.70 and a beta of 0.75. Silvercrest Asset Management Group Inc. has a one year low of $13.54 and a one year high of $19.20. The business’s fifty day moving average is $15.68 and its 200-day moving average is $15.58.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results on Friday, August 1st. The asset manager reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. The company had revenue of $30.67 million for the quarter, compared to analysts’ expectations of $30.77 million. Silvercrest Asset Management Group had a return on equity of 12.03% and a net margin of 6.63%.

Silvercrest Asset Management Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 12th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Friday, September 12th. This is a positive change from Silvercrest Asset Management Group’s previous quarterly dividend of $0.20. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 95.45%.

About Silvercrest Asset Management Group

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.