Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. trimmed its position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 23.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,606 shares of the asset manager’s stock after selling 3,192 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Silvercrest Asset Management Group were worth $168,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of Silvercrest Asset Management Group in the 4th quarter valued at $185,000. Citigroup Inc. grew its position in shares of Silvercrest Asset Management Group by 125.9% in the 3rd quarter. Citigroup Inc. now owns 27,942 shares of the asset manager’s stock valued at $443,000 after buying an additional 15,571 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Silvercrest Asset Management Group in the 4th quarter valued at $529,000. Russell Investments Group Ltd. grew its position in shares of Silvercrest Asset Management Group by 26.2% in the 4th quarter. Russell Investments Group Ltd. now owns 46,597 shares of the asset manager’s stock valued at $792,000 after buying an additional 9,663 shares during the last quarter. Finally, Keeley Teton Advisors LLC grew its position in shares of Silvercrest Asset Management Group by 12.3% in the 4th quarter. Keeley Teton Advisors LLC now owns 228,790 shares of the asset manager’s stock valued at $3,889,000 after buying an additional 25,102 shares during the last quarter. 47.59% of the stock is owned by hedge funds and other institutional investors.

Silvercrest Asset Management Group Stock Performance

Silvercrest Asset Management Group stock traded up $0.14 during midday trading on Wednesday, hitting $15.29. 7,854 shares of the company’s stock were exchanged, compared to its average volume of 27,345. The stock has a market cap of $212.68 million, a price-to-earnings ratio of 15.95 and a beta of 0.85. The firm’s 50 day simple moving average is $15.17 and its 200 day simple moving average is $15.83. Silvercrest Asset Management Group Inc. has a 12-month low of $13.93 and a 12-month high of $23.20.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its earnings results on Thursday, May 2nd. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $30.27 million during the quarter, compared to analysts’ expectations of $30.11 million. Silvercrest Asset Management Group had a net margin of 7.52% and a return on equity of 12.88%. On average, equities research analysts forecast that Silvercrest Asset Management Group Inc. will post 1.54 EPS for the current fiscal year.

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 14th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend was Friday, June 14th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 80.00%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. StockNews.com raised shares of Silvercrest Asset Management Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 16th. Singular Research reissued a “buy” rating on shares of Silvercrest Asset Management Group in a research report on Monday, March 18th.

Insider Activity at Silvercrest Asset Management Group

In related news, major shareholder Path Smaller Companies Fu Long acquired 5,112 shares of Silvercrest Asset Management Group stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average price of $15.05 per share, for a total transaction of $76,935.60. Following the completion of the purchase, the insider now directly owns 940,798 shares of the company’s stock, valued at $14,159,009.90. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 16.26% of the company’s stock.

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.