Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Stake Decreased by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC trimmed its holdings in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,303 shares of the asset manager’s stock after selling 2,998 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Silvercrest Asset Management Group were worth $4,254,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Silvercrest Asset Management Group by 72.7% during the 4th quarter. JPMorgan Chase & Co. now owns 35,583 shares of the asset manager’s stock worth $654,000 after acquiring an additional 14,978 shares during the period. Diamond Hill Capital Management Inc. raised its stake in shares of Silvercrest Asset Management Group by 1.4% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 125,695 shares of the asset manager’s stock valued at $2,312,000 after purchasing an additional 1,781 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in 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 worth $302,000 after purchasing an additional 1,781 shares during the period. Charles Schwab Investment Management Inc. grew its position in Silvercrest Asset Management Group by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,818 shares of the asset manager’s stock valued at $493,000 after buying an additional 1,857 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Silvercrest Asset Management Group during the 4th quarter valued at about $122,000. 47.59% of the stock is currently owned by institutional investors and hedge funds.

Silvercrest Asset Management Group Price Performance

SAMG opened at $16.23 on Thursday. The business has a 50 day moving average price of $17.84 and a two-hundred day moving average price of $17.68. The company has a market capitalization of $221.28 million, a price-to-earnings ratio of 20.29 and a beta of 0.84. Silvercrest Asset Management Group Inc. has a 1-year low of $13.93 and a 1-year high of $19.20.

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

Silvercrest Asset Management Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 14th were given a dividend of $0.20 per share. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 4.93%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 79.21%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Silvercrest Asset Management Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th.

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.