Silvercrest Asset Management Group (NASDAQ:SAMG) Posts Earnings Results, Misses Expectations By $0.13 EPS

Silvercrest Asset Management Group (NASDAQ:SAMG) released its quarterly earnings data on Thursday. The asset manager reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.13), Zacks reports. Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.40%.

Silvercrest Asset Management Group Stock Performance

Shares of SAMG stock traded down $0.01 during trading hours on Thursday, hitting $17.41. 10,204 shares of the company were exchanged, compared to its average volume of 25,362. Silvercrest Asset Management Group has a fifty-two week low of $13.93 and a fifty-two week high of $19.20. The company has a 50 day simple moving average of $18.24 and a two-hundred day simple moving average of $17.57. The firm has a market cap of $241.39 million, a P/E ratio of 21.76 and a beta of 0.82.

Silvercrest Asset Management Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 14th will be issued a $0.20 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 4.60%. Silvercrest Asset Management Group’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Silvercrest Asset Management Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

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.