Silvercrest Asset Management Group Inc (SAMG) Holdings Cut by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC cut its position in Silvercrest Asset Management Group Inc (NASDAQ:SAMG) by 10.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,794 shares of the asset manager’s stock after selling 28,953 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Silvercrest Asset Management Group were worth $3,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAMG. Cadence Capital Management LLC raised its position in shares of Silvercrest Asset Management Group by 18.8% during the 3rd quarter. Cadence Capital Management LLC now owns 146,572 shares of the asset manager’s stock valued at $2,030,000 after buying an additional 23,232 shares in the last quarter. BlackRock Inc. raised its position in shares of Silvercrest Asset Management Group by 26.0% during the 2nd quarter. BlackRock Inc. now owns 489,782 shares of the asset manager’s stock valued at $7,984,000 after buying an additional 100,966 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Silvercrest Asset Management Group by 16.9% during the 2nd quarter. Renaissance Technologies LLC now owns 205,300 shares of the asset manager’s stock valued at $3,346,000 after buying an additional 29,700 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in shares of Silvercrest Asset Management Group during the 2nd quarter valued at $255,000. Finally, First Quadrant L P CA raised its position in shares of Silvercrest Asset Management Group by 281.1% during the 3rd quarter. First Quadrant L P CA now owns 10,965 shares of the asset manager’s stock valued at $152,000 after buying an additional 8,088 shares in the last quarter. Institutional investors and hedge funds own 49.48% of the company’s stock.

Silvercrest Asset Management Group stock opened at $14.44 on Friday. The firm has a market cap of $192.21 million, a PE ratio of 12.11 and a beta of 0.64. Silvercrest Asset Management Group Inc has a fifty-two week low of $12.22 and a fifty-two week high of $18.26.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings data on Thursday, November 1st. The asset manager reported $0.31 earnings per share for the quarter. The firm had revenue of $24.93 million for the quarter. Silvercrest Asset Management Group had a net margin of 6.76% and a return on equity of 19.13%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 14th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Thursday, December 13th.

In related news, Director Brian D. Dunn acquired 1,900 shares of the stock in a transaction dated Monday, September 17th. The shares were purchased at an average price of $15.23 per share, for a total transaction of $28,937.00. Following the transaction, the director now owns 6,900 shares in the company, valued at approximately $105,087. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 10.17% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Silvercrest Asset Management Group (NASDAQ:SAMG)

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