Perritt Capital Management Inc Sells 24,939 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Perritt Capital Management Inc decreased its holdings in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Free Report) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,872 shares of the asset manager's stock after selling 24,939 shares during the period. Silvercrest Asset Management Group accounts for 1.6% of Perritt Capital Management Inc's portfolio, making the stock its 13th largest position. Perritt Capital Management Inc owned approximately 1.18% of Silvercrest Asset Management Group worth $3,014,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SAMG. Martingale Asset Management L P raised its position in shares of Silvercrest Asset Management Group by 111.2% in the 3rd 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 during the last quarter. Jane Street Group LLC increased its stake in Silvercrest Asset Management Group by 55.6% during the 3rd quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager's stock valued at $345,000 after purchasing an additional 7,155 shares in the last quarter. Barclays PLC raised its holdings in Silvercrest Asset Management Group by 48.8% in the third quarter. Barclays PLC now owns 30,814 shares of the asset manager's stock worth $531,000 after buying an additional 10,110 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Silvercrest Asset Management Group by 4.9% in the third quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager's stock worth $3,852,000 after buying an additional 10,477 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Silvercrest Asset Management Group by 80.8% in the third quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager's stock worth $355,000 after buying an additional 9,209 shares in the last quarter. 47.59% of the stock is currently owned by hedge funds and other institutional investors.

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Silvercrest Asset Management Group Stock Performance

Shares of SAMG stock traded down $0.63 during mid-day trading on Monday, hitting $14.80. The company's stock had a trading volume of 34,874 shares, compared to its average volume of 28,912. The stock has a market cap of $201.78 million, a price-to-earnings ratio of 18.54 and a beta of 0.80. Silvercrest Asset Management Group Inc. has a 52-week low of $13.93 and a 52-week high of $19.20. The business has a 50-day moving average price of $17.60 and a 200 day moving average price of $17.69.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last posted its earnings results on Thursday, March 6th. The asset manager reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.13). Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.40%. The company had revenue of $31.96 million for the quarter, compared to the consensus estimate of $31.97 million.

Silvercrest Asset Management Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.41%. Silvercrest Asset Management Group's dividend payout ratio is currently 79.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Silvercrest Asset Management Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

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.