Silvercrest Asset Management Group (NASDAQ:SAMG) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Silvercrest Asset Management Group (NASDAQ:SAMG) posted its quarterly earnings results on Thursday. The asset manager reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.10), Zacks reports. Silvercrest Asset Management Group had a return on equity of 12.88% and a net margin of 7.52%. The business had revenue of $30.99 million during the quarter, compared to analysts’ expectations of $30.68 million. During the same quarter in the prior year, the firm earned $0.34 EPS.

Silvercrest Asset Management Group Stock Performance

Shares of SAMG stock traded down $0.97 during mid-day trading on Friday, hitting $16.12. The company’s stock had a trading volume of 20,700 shares, compared to its average volume of 29,013. The stock has a market cap of $224.23 million, a price-to-earnings ratio of 16.97 and a beta of 0.85. Silvercrest Asset Management Group has a 52-week low of $13.93 and a 52-week high of $20.50. The business has a 50-day moving average price of $15.79 and a 200 day moving average price of $15.76.

About Silvercrest Asset Management Group

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.