Perritt Capital Management Inc Reduces Stock Position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Perritt Capital Management Inc decreased its stake in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 163,872 shares of the asset manager’s stock after selling 24,939 shares during the quarter. Silvercrest Asset Management Group comprises 1.6% of Perritt Capital Management Inc’s holdings, making the stock its 13th largest position. Perritt Capital Management Inc owned 1.18% of Silvercrest Asset Management Group worth $3,014,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in shares of Silvercrest Asset Management Group in the 4th quarter worth $122,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Silvercrest Asset Management Group by 12.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,430 shares of the asset manager’s stock valued at $302,000 after purchasing an additional 1,781 shares during the period. O Shaughnessy Asset Management LLC increased its position in Silvercrest Asset Management Group by 72.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,856 shares of the asset manager’s stock worth $365,000 after purchasing an additional 8,313 shares during the last quarter. Jane Street Group LLC raised its stake in Silvercrest Asset Management Group by 55.6% during the third quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock worth $345,000 after purchasing an additional 7,155 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Silvercrest Asset Management Group by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager’s stock valued at $355,000 after purchasing an additional 9,209 shares during the last quarter. Hedge funds and other institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Stock Up 1.1 %

NASDAQ:SAMG opened at $16.54 on Wednesday. Silvercrest Asset Management Group Inc. has a 52 week low of $13.93 and a 52 week high of $19.20. The stock’s fifty day moving average is $17.72 and its two-hundred day moving average is $17.70. The company has a market capitalization of $225.51 million, a P/E ratio of 20.68 and a beta of 0.84.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its earnings results on Thursday, March 6th. The asset manager reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.13). Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.40%. The company had revenue of $31.96 million during the quarter, compared to analyst estimates of $31.97 million.

Silvercrest Asset Management Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 14th were issued a $0.20 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 4.84%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 79.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a report on Friday, March 28th.

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.