Favorable News Coverage Somewhat Unlikely to Impact Silvercrest Asset Management Group (SAMG) Share Price

Press coverage about Silvercrest Asset Management Group (NASDAQ:SAMG) has trended positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Silvercrest Asset Management Group earned a media sentiment score of 0.37 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 45.7964502425973 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Silvercrest Asset Management Group (SAMG) traded down $0.20 during trading on Tuesday, hitting $14.50. 5,800 shares of the stock traded hands, compared to its average volume of 10,520. Silvercrest Asset Management Group has a 52 week low of $11.85 and a 52 week high of $16.80. The firm has a market capitalization of $194.05, a price-to-earnings ratio of 16.70 and a beta of 1.29.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings data on Wednesday, November 1st. The asset manager reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Silvercrest Asset Management Group had a net margin of 7.61% and a return on equity of 17.71%. The company had revenue of $22.85 million during the quarter.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.31%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 58.54%.

In other news, major shareholder Marital Trust Under Article 7T sold 2,500 shares of the company’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $14.51, for a total value of $36,275.00. Following the completion of the transaction, the insider now directly owns 927,003 shares in the company, valued at $13,450,813.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 67,750 shares of company stock valued at $999,322 over the last 90 days. Insiders own 9.56% of the company’s stock.

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Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc (Silvercrest) is a full-service wealth management firm focused on providing financial advisory and related family office services to ultra-high net worth individuals and institutional investors. The Company offers a suite of family office services for families seeking oversight of financial affairs.

Insider Buying and Selling by Quarter for Silvercrest Asset Management Group (NASDAQ:SAMG)

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