Royce & Associates LP Boosts Stock Holdings in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Royce & Associates LP increased its position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 6.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 586,300 shares of the asset manager’s stock after acquiring an additional 36,063 shares during the period. Royce & Associates LP owned about 4.19% of Silvercrest Asset Management Group worth $10,108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SAMG. HM Payson & Co. lifted its holdings in shares of Silvercrest Asset Management Group by 1,784.6% during the 1st quarter. HM Payson & Co. now owns 46,888 shares of the asset manager’s stock valued at $741,000 after buying an additional 44,400 shares during the period. Vanguard Group Inc. raised its stake in shares of Silvercrest Asset Management Group by 0.9% in the first quarter. Vanguard Group Inc. now owns 522,136 shares of the asset manager’s stock worth $8,255,000 after buying an additional 4,756 shares during the period. Hsbc Holdings PLC purchased a new position in Silvercrest Asset Management Group during the second quarter valued at approximately $270,000. Long Path Partners LP boosted its position in shares of 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 worth $14,667,000 after purchasing an additional 180,627 shares during the period. Finally, Quadrature Capital Ltd boosted its holdings in Silvercrest Asset Management Group by 6.7% in the 1st quarter. Quadrature Capital Ltd now owns 33,242 shares of the asset manager’s stock worth $519,000 after buying an additional 2,099 shares during the period. 47.59% of the stock is owned by institutional investors.

Silvercrest Asset Management Group Stock Down 1.9 %

SAMG opened at $18.10 on Friday. Silvercrest Asset Management Group Inc. has a 52 week low of $13.93 and a 52 week high of $18.77. The firm has a 50-day simple moving average of $17.10 and a two-hundred day simple moving average of $16.12. The company has a market capitalization of $250.87 million, a PE ratio of 22.63 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. Investors of record on Friday, December 13th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Friday, December 13th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Silvercrest Asset Management Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th.

Silvercrest Asset Management Group 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.