Koss Olinger Consulting LLC Sells 1,612 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Koss Olinger Consulting LLC reduced its position in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 5.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,942 shares of the asset manager’s stock after selling 1,612 shares during the period. Koss Olinger Consulting LLC owned about 0.20% of Silvercrest Asset Management Group worth $514,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in Silvercrest Asset Management Group by 12.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,430 shares of the asset manager’s stock valued at $302,000 after acquiring an additional 1,781 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in Silvercrest Asset Management Group by 1.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 125,695 shares of the asset manager’s stock valued at $2,312,000 after acquiring an additional 1,781 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Silvercrest Asset Management Group by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,818 shares of the asset manager’s stock valued at $493,000 after acquiring an additional 1,857 shares in the last quarter. R Squared Ltd acquired a new stake in Silvercrest Asset Management Group in the 4th quarter valued at about $122,000. Finally, Jane Street Group LLC increased its position in Silvercrest Asset Management Group by 55.6% in the 3rd quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock valued at $345,000 after acquiring an additional 7,155 shares in the last quarter. 47.59% of the stock is owned by institutional investors.

Silvercrest Asset Management Group Price Performance

Shares of NASDAQ:SAMG opened at $16.74 on Thursday. Silvercrest Asset Management Group Inc. has a one year low of $13.93 and a one year high of $19.20. The company has a 50 day moving average of $17.99 and a 200-day moving average of $17.66. The stock has a market cap of $228.23 million, a price-to-earnings ratio of 20.93 and a beta of 0.84.

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

Silvercrest Asset Management Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Friday, March 14th. Silvercrest Asset Management Group’s dividend payout ratio is 79.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Silvercrest Asset Management Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

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.