Royce & Associates LP Has $10.11 Million Holdings in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Royce & Associates LP raised its position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Free Report) by 6.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 586,300 shares of the asset manager's stock after purchasing an additional 36,063 shares during the quarter. Royce & Associates LP owned about 4.19% of Silvercrest Asset Management Group worth $10,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. First Personal Financial Services lifted its holdings in Silvercrest Asset Management Group by 50.0% in the 2nd quarter. First Personal Financial Services now owns 6,000 shares of the asset manager's stock valued at $94,000 after acquiring an additional 2,000 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Silvercrest Asset Management Group by 8.9% during the 1st quarter. BNP Paribas Financial Markets now owns 8,450 shares of the asset manager's stock valued at $134,000 after acquiring an additional 692 shares during the last quarter. Heron Bay Capital Management acquired a new stake in shares of Silvercrest Asset Management Group during the 1st quarter valued at $162,000. Rhumbline Advisers boosted its stake in shares of Silvercrest Asset Management Group by 15.7% during the 2nd quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager's stock worth $237,000 after acquiring an additional 2,072 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Silvercrest Asset Management Group during the second quarter worth $270,000. Institutional investors own 47.59% of the company's stock.

Silvercrest Asset Management Group Price Performance

Shares of SAMG stock traded down $0.35 on Friday, hitting $18.10. The company's stock had a trading volume of 24,944 shares, compared to its average volume of 25,568. The stock has a market capitalization of $250.87 million, a price-to-earnings ratio of 22.63 and a beta of 0.83. Silvercrest Asset Management Group Inc. has a fifty-two week low of $13.93 and a fifty-two week high of $18.77. The firm's fifty day moving average price is $17.10 and its 200-day moving average price is $16.13.

Silvercrest Asset Management Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be issued a $0.20 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.80 annualized dividend and a yield of 4.42%. Silvercrest Asset Management Group's dividend payout ratio (DPR) is presently 100.00%.

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 report on Tuesday, November 12th.

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.