R Squared Ltd Acquires Shares of 6,660 Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

R Squared Ltd bought a new position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,660 shares of the asset manager’s stock, valued at approximately $122,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Royce & Associates LP increased its stake in shares of Silvercrest Asset Management Group by 6.6% in the third quarter. Royce & Associates LP now owns 586,300 shares of the asset manager’s stock valued at $10,108,000 after buying an additional 36,063 shares in the last quarter. Hsbc Holdings PLC bought a new position in Silvercrest Asset Management Group during the 2nd quarter worth approximately $270,000. Martingale Asset Management L P boosted its position in shares of Silvercrest Asset Management Group by 111.2% during the third quarter. Martingale Asset Management L P now owns 22,447 shares of the asset manager’s stock worth $387,000 after purchasing an additional 11,818 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Silvercrest Asset Management Group by 4.9% during the third quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager’s stock worth $3,852,000 after acquiring an additional 10,477 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Silvercrest Asset Management Group by 48.8% in the 3rd quarter. Barclays PLC now owns 30,814 shares of the asset manager’s stock valued at $531,000 after purchasing an additional 10,110 shares during the period. Institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Price Performance

Shares of NASDAQ SAMG opened at $18.52 on Friday. The business has a 50-day moving average of $18.17 and a 200-day moving average of $17.21. The stock has a market capitalization of $256.69 million, a price-to-earnings ratio of 23.15 and a beta of 0.82. Silvercrest Asset Management Group Inc. has a fifty-two week low of $13.93 and a fifty-two week high of $19.20.

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Friday, March 14th. Silvercrest Asset Management Group’s payout ratio is presently 100.00%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

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.