Roberts Glore & Co. Inc. IL Purchases 3,925 Shares of Silvercrest Asset Management Group Inc. $SAMG

Roberts Glore & Co. Inc. IL grew its position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 26.6% during the second quarter, HoldingsChannel.com reports. The fund owned 18,658 shares of the asset manager’s stock after acquiring an additional 3,925 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in Silvercrest Asset Management Group were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SAMG. Diamond Hill Capital Management Inc. lifted its position in Silvercrest Asset Management Group by 1.0% during the first quarter. Diamond Hill Capital Management Inc. now owns 127,009 shares of the asset manager’s stock valued at $2,078,000 after purchasing an additional 1,314 shares during the last quarter. Martingale Asset Management L P raised its position in shares of Silvercrest Asset Management Group by 11.1% during the 1st quarter. Martingale Asset Management L P now owns 27,954 shares of the asset manager’s stock valued at $457,000 after buying an additional 2,800 shares in the last quarter. R Squared Ltd raised its position in shares of Silvercrest Asset Management Group by 72.8% during the 2nd quarter. R Squared Ltd now owns 26,107 shares of the asset manager’s stock valued at $414,000 after buying an additional 10,996 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings 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 acquiring an additional 775 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in Silvercrest Asset Management Group by 10.3% in the first quarter. Hsbc Holdings PLC now owns 22,351 shares of the asset manager’s stock worth $368,000 after acquiring an additional 2,092 shares in the last quarter. Hedge funds and other institutional investors own 47.59% of the company’s stock.

Analyst Ratings Changes

SAMG has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a research report on Wednesday, October 8th. Zacks Research downgraded Silvercrest Asset Management Group from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Silvercrest Asset Management Group Trading Down 0.1%

Shares of Silvercrest Asset Management Group stock opened at $13.66 on Monday. The stock’s fifty day moving average price is $15.22 and its 200-day moving average price is $15.52. Silvercrest Asset Management Group Inc. has a 12 month low of $13.54 and a 12 month high of $19.20. The firm has a market cap of $171.67 million, a P/E ratio of 15.52 and a beta of 0.77.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings results on Thursday, October 30th. The asset manager reported $0.19 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.10). The company had revenue of $31.30 million during the quarter, compared to the consensus estimate of $32.12 million. Silvercrest Asset Management Group had a return on equity of 12.03% and a net margin of 6.63%.

Silvercrest Asset Management Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 12th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.1%. Silvercrest Asset Management Group’s dividend payout ratio is currently 118.31%.

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.