Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P raised its position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 111.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,447 shares of the asset manager’s stock after acquiring an additional 11,818 shares during the quarter. Martingale Asset Management L P owned 0.16% of Silvercrest Asset Management Group worth $387,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Long Path Partners LP boosted its holdings in Silvercrest Asset Management Group by 23.8% in the second quarter. Long Path Partners LP now owns 940,798 shares of the asset manager’s stock valued at $14,667,000 after purchasing an additional 180,627 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Silvercrest Asset Management Group by 6.6% during the 3rd quarter. Royce & Associates LP now owns 586,300 shares of the asset manager’s stock valued at $10,108,000 after buying an additional 36,063 shares during the last quarter. Koss Olinger Consulting LLC acquired a new stake in shares of Silvercrest Asset Management Group during the second quarter worth approximately $457,000. Diamond Hill Capital Management Inc. increased its stake in shares of Silvercrest Asset Management Group by 29.7% in the second quarter. Diamond Hill Capital Management Inc. now owns 123,722 shares of the asset manager’s stock worth $1,929,000 after buying an additional 28,298 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Silvercrest Asset Management Group in the second quarter valued at $270,000. Institutional investors and hedge funds own 47.59% of the company’s stock.

Silvercrest Asset Management Group Stock Down 0.7 %

Shares of Silvercrest Asset Management Group stock opened at $17.99 on Wednesday. The business has a 50-day moving average price of $17.53 and a 200 day moving average price of $16.40. Silvercrest Asset Management Group Inc. has a fifty-two week low of $13.93 and a fifty-two week high of $18.77. The firm has a market cap of $249.34 million, a P/E ratio of 22.49 and a beta of 0.83.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.80 annualized dividend and a yield of 4.45%. Silvercrest Asset Management Group’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

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.