Media coverage about Silvercrest Asset Management Group (NASDAQ:SAMG) has trended positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Silvercrest Asset Management Group earned a daily sentiment score of 0.41 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 47.1322443882438 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Separately, Sandler O’Neill set a $17.00 price objective on shares of Silvercrest Asset Management Group and gave the company a “buy” rating in a research note on Saturday, February 17th.
Shares of SAMG stock traded down $0.18 during trading hours on Wednesday, reaching $15.37. 1,525 shares of the company’s stock traded hands, compared to its average volume of 16,559. The firm has a market capitalization of $210.56, a P/E ratio of 16.79 and a beta of 1.10. Silvercrest Asset Management Group has a one year low of $11.85 and a one year high of $16.80.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 9th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.64%. This is a positive change from Silvercrest Asset Management Group’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, March 8th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 84.85%.
In other news, major shareholder Marital Trust Under Article 7T sold 250,000 shares of the firm’s 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 transaction, the insider now directly owns 648,153 shares of the company’s stock, valued at $9,722,295. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.56% of the stock is currently owned by company insiders.
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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