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

Pacific Ridge Capital Partners LLC lessened its stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the 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 owned approximately 1.67% of Silvercrest Asset Management Group worth $4,254,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in Silvercrest Asset Management Group by 4.9% in the third quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager’s stock valued at $3,852,000 after buying an additional 10,477 shares during the last quarter. Barclays PLC grew its position in shares of Silvercrest Asset Management Group by 48.8% in the 3rd quarter. Barclays PLC now owns 30,814 shares of the asset manager’s stock worth $531,000 after acquiring an additional 10,110 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Silvercrest Asset Management Group by 55.6% in the 3rd quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock valued at $345,000 after acquiring an additional 7,155 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Silvercrest Asset Management Group by 80.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager’s stock valued at $355,000 after acquiring an additional 9,209 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Silvercrest Asset Management Group by 30.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager’s stock valued at $253,000 after acquiring an additional 3,446 shares in the last quarter. Institutional investors own 47.59% of the company’s stock.

Analyst Ratings Changes

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

Silvercrest Asset Management Group Stock Up 0.8 %

Shares of NASDAQ:SAMG opened at $16.23 on Thursday. The company has a market cap of $221.28 million, a PE ratio of 20.29 and a beta of 0.84. Silvercrest Asset Management Group Inc. has a fifty-two week low of $13.93 and a fifty-two week high of $19.20. The firm has a 50-day simple moving average of $17.84 and a 200 day simple moving average of $17.68.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued 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). The company 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 business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Friday, March 14th. Silvercrest Asset Management Group’s dividend payout ratio is presently 79.21%.

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.