Diamond Hill Capital Management Inc. Buys 28,298 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Diamond Hill Capital Management Inc. boosted its stake in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 29.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,722 shares of the asset manager’s stock after purchasing an additional 28,298 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.89% of Silvercrest Asset Management Group worth $1,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position 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 valued at $8,255,000 after acquiring an additional 4,756 shares during the period. Invenomic Capital Management LP boosted its position in shares of Silvercrest Asset Management Group by 23.4% in the fourth quarter. Invenomic Capital Management LP now owns 265,540 shares of the asset manager’s stock valued at $4,514,000 after acquiring an additional 50,389 shares during the period. Keeley Teton Advisors LLC boosted its position in shares of Silvercrest Asset Management Group by 12.3% in the fourth quarter. Keeley Teton Advisors LLC now owns 228,790 shares of the asset manager’s stock valued at $3,889,000 after acquiring an additional 25,102 shares during the period. Ancora Advisors LLC boosted its position in shares of Silvercrest Asset Management Group by 5.6% in the first quarter. Ancora Advisors LLC now owns 154,528 shares of the asset manager’s stock valued at $2,443,000 after acquiring an additional 8,245 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Silvercrest Asset Management Group by 6.2% in the first quarter. Russell Investments Group Ltd. now owns 49,502 shares of the asset manager’s stock valued at $783,000 after acquiring an additional 2,905 shares during the period. 47.59% of the stock is owned by institutional investors.

Silvercrest Asset Management Group Stock Up 1.4 %

SAMG opened at $16.35 on Monday. Silvercrest Asset Management Group Inc. has a twelve month low of $13.93 and a twelve month high of $18.13. The company has a 50-day simple moving average of $16.06 and a 200 day simple moving average of $15.54. The stock has a market capitalization of $228.74 million, a price-to-earnings ratio of 17.21 and a beta of 0.83.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings data on Thursday, August 1st. The asset manager reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.10). The firm had revenue of $30.99 million for the quarter, compared to the consensus estimate of $30.68 million. Silvercrest Asset Management Group had a return on equity of 12.46% and a net margin of 7.09%. During the same period in the prior year, the company earned $0.34 EPS. Sell-side analysts anticipate that Silvercrest Asset Management Group Inc. will post 1.54 EPS for the current fiscal year.

Silvercrest Asset Management Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 13th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.80 annualized dividend and a dividend yield of 4.89%. This is an increase from Silvercrest Asset Management Group’s previous quarterly dividend of $0.19. Silvercrest Asset Management Group’s dividend payout ratio is currently 80.00%.

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.