Insider Selling: Silvercrest Asset Management Group Inc (SAMG) Major Shareholder Sells $3,750,000.00 in Stock

Silvercrest Asset Management Group Inc (NASDAQ:SAMG) major shareholder Marital Trust Under Article 7T sold 250,000 shares of Silvercrest Asset Management Group stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $15.00, for a total transaction of $3,750,000.00. Following the sale, the insider now directly owns 648,153 shares of the company’s stock, valued at $9,722,295. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Marital Trust Under Article 7T also recently made the following trade(s):

  • On Tuesday, October 24th, Marital Trust Under Article 7T sold 15,150 shares of Silvercrest Asset Management Group stock. The stock was sold at an average price of $14.93, for a total transaction of $226,189.50.
  • On Thursday, October 19th, Marital Trust Under Article 7T sold 2,500 shares of Silvercrest Asset Management Group stock. The stock was sold at an average price of $14.51, for a total transaction of $36,275.00.
  • On Tuesday, October 17th, Marital Trust Under Article 7T sold 18,300 shares of Silvercrest Asset Management Group stock. The stock was sold at an average price of $14.53, for a total transaction of $265,899.00.
  • On Thursday, October 12th, Marital Trust Under Article 7T sold 31,800 shares of Silvercrest Asset Management Group stock. The stock was sold at an average price of $14.81, for a total transaction of $470,958.00.

Shares of Silvercrest Asset Management Group Inc (SAMG) opened at $16.00 on Friday. The stock has a market cap of $210.56, a price-to-earnings ratio of 19.28 and a beta of 1.29. Silvercrest Asset Management Group Inc has a 1 year low of $11.85 and a 1 year high of $16.80.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings data on Wednesday, November 1st. The asset manager reported $0.24 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. Silvercrest Asset Management Group had a net margin of 7.61% and a return on equity of 17.71%. The business had revenue of $22.85 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 15th were given a $0.12 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.00%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 57.83%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Partners lifted its position in Silvercrest Asset Management Group by 12.5% in the third quarter. Boston Partners now owns 618,750 shares of the asset manager’s stock valued at $9,003,000 after acquiring an additional 68,638 shares during the last quarter. Vanguard Group Inc. lifted its position in Silvercrest Asset Management Group by 0.3% in the second quarter. Vanguard Group Inc. now owns 328,730 shares of the asset manager’s stock valued at $4,422,000 after acquiring an additional 1,114 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Silvercrest Asset Management Group by 82.7% in the third quarter. Russell Investments Group Ltd. now owns 155,300 shares of the asset manager’s stock valued at $2,260,000 after acquiring an additional 70,300 shares during the last quarter. Cadence Capital Management LLC lifted its position in Silvercrest Asset Management Group by 5.0% in the third quarter. Cadence Capital Management LLC now owns 103,211 shares of the asset manager’s stock valued at $1,502,000 after acquiring an additional 4,922 shares during the last quarter. Finally, State Street Corp lifted its position in Silvercrest Asset Management Group by 13.1% in the second quarter. State Street Corp now owns 80,820 shares of the asset manager’s stock valued at $1,086,000 after acquiring an additional 9,354 shares during the last quarter. 45.28% of the stock is owned by hedge funds and other institutional investors.

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About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc (Silvercrest) is a full-service wealth management firm focused on providing financial advisory and related family office services to ultra-high net worth individuals and institutional investors. The Company offers a suite of family office services for families seeking oversight of financial affairs.

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