Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P increased its position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 111.2% during the third quarter, Holdings Channel reports. The fund owned 22,447 shares of the asset manager’s stock after purchasing an additional 11,818 shares during the quarter. Martingale Asset Management L P’s holdings in Silvercrest Asset Management Group were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SAMG. Long Path Partners LP grew its position in Silvercrest Asset Management Group by 23.8% in the 2nd quarter. Long Path Partners LP now owns 940,798 shares of the asset manager’s stock worth $14,667,000 after purchasing an additional 180,627 shares during the last quarter. Royce & Associates LP boosted its position in shares of Silvercrest Asset Management Group by 6.6% during the third quarter. Royce & Associates LP now owns 586,300 shares of the asset manager’s stock worth $10,108,000 after buying an additional 36,063 shares during the period. Koss Olinger Consulting LLC bought a new position in Silvercrest Asset Management Group in the 2nd quarter worth approximately $457,000. Diamond Hill Capital Management Inc. grew its holdings in Silvercrest Asset Management Group by 29.7% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 123,722 shares of the asset manager’s stock worth $1,929,000 after buying an additional 28,298 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Silvercrest Asset Management Group in the 2nd quarter valued at approximately $270,000. 47.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

Silvercrest Asset Management Group Trading Down 0.7 %

Silvercrest Asset Management Group stock opened at $17.99 on Wednesday. Silvercrest Asset Management Group Inc. has a 52 week low of $13.93 and a 52 week high of $18.77. The stock has a market cap of $249.34 million, a price-to-earnings ratio of 22.49 and a beta of 0.83. The company’s 50-day moving average price is $17.53 and its two-hundred day moving average price is $16.40.

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.45%. Silvercrest Asset Management Group’s dividend payout ratio is presently 100.00%.

Silvercrest Asset Management Group Company 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.