Silvercrest Asset Management Group (NASDAQ:SAMG) Stock: Insider Equinox Partners Investment Ma Buys 32,499 Shares

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) major shareholder Equinox Partners Investment Ma bought 32,499 shares of the stock in a transaction on Thursday, October 29th. The stock was purchased at an average price of $10.45 per share, with a total value of $339,614.55. Following the completion of the acquisition, the insider directly owned 867,197 shares in the company, valued at approximately $9,062,208.65. This trade represents a 3.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, October 27th, Equinox Partners Investment Ma purchased 899 shares of Silvercrest Asset Management Group stock. The stock was acquired at an average price of $10.10 per share, with a total value of $9,079.90.
• On Thursday, October 22nd, Equinox Partners Investment Ma bought 3,322 shares of Silvercrest Asset Management Group stock. The shares were bought at an average price of $10.42 per share, with a total value of $34,615.24.
• On Wednesday, October 21st, Equinox Partners Investment Ma acquired 14,744 shares of Silvercrest Asset Management Group stock. The shares were bought at an average price of $10.33 per share, with a total value of $152,305.52.
• On Tuesday, October 20th, Equinox Partners Investment Ma purchased 10,368 shares of Silvercrest Asset Management Group stock. The shares were purchased 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 bought 5,692 shares of Silvercrest Asset Management Group stock. The stock was purchased at an average price of $10.47 per share, with a total value of $59,595.24.

Silvercrest Asset Management Group Price Performance

Silvercrest Asset Management Group stock opened at $11.18 on Friday. The stock has a market capitalization of $132.48 million, a price-to-earnings ratio of 18.48 and a beta of 0.64. Silvercrest Asset Management Group Inc. has a 1-year low of $9.09 and a 1-year high of $16.16. The business has a fifty day moving average price of $10.16 and a 200-day moving average price of $12.00.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its earnings results on Thursday, October 29th. The asset manager reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. Silvercrest Asset Management Group had a return on equity of 8.43% and a net margin of 0.74%. The company had revenue of $32.71 million for the quarter, compared to analyst estimates of $31.85 million. On average, equities research analysts anticipate that Silvercrest Asset Management Group Inc. will post 0.47 earnings per share for the current fiscal year.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, December 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.5%. Silvercrest Asset Management Group’s payout ratio is presently 763.64%.

Silvercrest Asset Management Group News Roundup

Here are the key news stories impacting Silvercrest Asset Management Group this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations: Silvercrest reported quarterly EPS of $0.16 versus the consensus estimate of $0.11-$0.12. Revenue reached $32.7 million, up 4.5% year over year and ahead of the $31.85 million estimate. Silvercrest Q3 earnings and revenues beat estimates
• Positive Sentiment: High dividend yield remains attractive: The company declared a quarterly Class A dividend of $0.21 per share, payable December 18 to shareholders of record December 11. The $0.84 annualized payout implies an approximately 8% yield at recent trading levels, which may appeal to income-focused investors. Silvercrest declares quarterly dividend
• Positive Sentiment: Major shareholder increased its position: Equinox Partners Investment Management bought 32,499 shares for approximately $339,615, raising its holdings by 3.89% to 867,197 shares. The investor has made multiple purchases recently and no reported sales in the past six months, a potentially supportive signal. Silvercrest insider purchase
• Neutral Sentiment: Assets under management softened: Total AUM declined $0.8 billion sequentially to $36.2 billion, while discretionary AUM fell $0.9 billion to $23.8 billion. Lower AUM could pressure future fee revenue, although quarterly revenue still grew year over year.
• Negative Sentiment: Profitability and dividend sustainability warrant caution: GAAP net income attributable to Silvercrest was $0.6 million, or $0.08 per share, and the reported dividend payout ratio was approximately 764%. EPS also declined from $0.19 a year earlier, while the stock’s high valuation and low net margin leave limited room for execution disappointments.

Hedge Funds Weigh In On Silvercrest Asset Management Group

Several hedge funds have recently made changes to their positions in SAMG. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Silvercrest Asset Management Group during the 2nd quarter worth about $3,655,000. Punch & Associates Investment Management Inc. acquired a new position in shares of Silvercrest Asset Management Group in the first quarter valued at about $3,293,000. Renaissance Technologies LLC raised its stake in shares of Silvercrest Asset Management Group by 3.0% in the first quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager’s stock worth $2,174,000 after purchasing an additional 4,700 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Silvercrest Asset Management Group by 4.0% in the fourth quarter. Hsbc Holdings PLC now owns 68,026 shares of the asset manager’s stock worth $1,046,000 after purchasing an additional 2,629 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Silvercrest Asset Management Group by 12.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 29,572 shares of the asset manager’s stock worth $397,000 after purchasing an additional 3,191 shares during the last quarter. 47.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on SAMG. Zacks Research raised shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Wall Street Zen raised shares of Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings downgraded shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Silvercrest Asset Management Group has an average rating of “Reduce”.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group, Inc is an investment advisory and wealth management firm serving high-net-worth individuals, families, family offices, institutions, and charitable organizations. The company provides customized investment management and financial planning services designed to address clients’ long-term wealth objectives.

Its services include portfolio management, asset allocation, manager selection, wealth planning, family office support, and advice related to trusts, estates, and other complex financial matters.