Favorable Media Coverage Somewhat Unlikely to Affect Silvercrest Asset Management Group (SAMG) Share Price

Press coverage about Silvercrest Asset Management Group (NASDAQ:SAMG) has been trending positive on Monday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Silvercrest Asset Management Group earned a news sentiment score of 0.43 on Accern’s scale. Accern also assigned media headlines about the asset manager an impact score of 45.9218177046222 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of Silvercrest Asset Management Group (NASDAQ SAMG) traded down $0.55 during midday trading on Monday, reaching $14.40. 10,400 shares of the company traded hands, compared to its average volume of 9,100. Silvercrest Asset Management Group has a fifty-two week low of $11.85 and a fifty-two week high of $16.80. The firm has a market capitalization of $190.09, a price-to-earnings ratio of 17.56 and a beta of 1.29.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its quarterly earnings data on Wednesday, November 1st. The asset manager reported $0.24 earnings per share for the quarter, meeting the Thomson Reuters’ 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 business had revenue of $22.85 million for the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 15th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.48 annualized dividend and a yield of 3.33%. Silvercrest Asset Management Group’s dividend payout ratio is currently 58.54%.

In related news, major shareholder Marital Trust Under Article 7T sold 18,300 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $14.53, for a total value of $265,899.00. Following the transaction, the insider now directly owns 927,003 shares in the company, valued at $13,469,353.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 67,750 shares of company stock worth $999,322 over the last 90 days. 9.56% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: This article was posted by Community Financial News and is the property of of Community Financial News. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.com-unik.info/2018/01/08/favorable-media-coverage-somewhat-unlikely-to-affect-silvercrest-asset-management-group-samg-share-price.html.

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)

Receive News & Ratings for Silvercrest Asset Management Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silvercrest Asset Management Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit