Royce & Associates LP Acquires 36,063 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Royce & Associates LP boosted its holdings in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 6.6% in the third quarter, Holdings Channel.com reports. The fund owned 586,300 shares of the asset manager’s stock after acquiring an additional 36,063 shares during the quarter. Royce & Associates LP’s holdings in Silvercrest Asset Management Group were worth $10,108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Long Path Partners LP grew its holdings in Silvercrest Asset Management Group by 23.8% during the 2nd quarter. Long Path Partners LP now owns 940,798 shares of the asset manager’s stock worth $14,667,000 after acquiring an additional 180,627 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Silvercrest Asset Management Group in the second quarter worth about $270,000. Renaissance Technologies LLC grew its stake in shares of Silvercrest Asset Management Group by 11.5% during the second quarter. Renaissance Technologies LLC now owns 173,037 shares of the asset manager’s stock worth $2,698,000 after acquiring an additional 17,800 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Silvercrest Asset Management Group by 29.7% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 123,722 shares of the asset manager’s stock worth $1,929,000 after purchasing an additional 28,298 shares in the last quarter. Finally, Koss Olinger Consulting LLC purchased a new stake in Silvercrest Asset Management Group during the 2nd quarter worth approximately $457,000. Institutional investors own 47.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Silvercrest Asset Management Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th.

Silvercrest Asset Management Group Trading Down 1.9 %

Shares of NASDAQ:SAMG opened at $18.10 on Friday. Silvercrest Asset Management Group Inc. has a twelve month low of $13.93 and a twelve month high of $18.77. The company’s 50 day moving average is $17.10 and its 200 day moving average is $16.12. The company has a market cap of $250.87 million, a PE ratio of 22.63 and a beta of 0.83.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.80 dividend on an annualized basis and a yield of 4.42%. Silvercrest Asset Management Group’s dividend payout ratio is presently 100.00%.

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.