Welcome to our dedicated page for Silvercrest Asse news (Ticker: SAMG), a resource for investors and traders seeking the latest updates and insights on Silvercrest Asse stock.
Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) is an independent, employee-owned registered investment adviser focused on wealth management and institutional asset management. This news page aggregates press releases and market updates that Silvercrest furnishes through its public communications and SEC filings, giving investors and clients a single view of the company’s recent developments.
News about Silvercrest often centers on its financial results and assets under management (AUM). The company regularly issues quarterly earnings releases that discuss total AUM, discretionary and non-discretionary AUM, revenue, expenses, net income and non-GAAP measures such as Adjusted EBITDA and Adjusted Net Income. These updates also describe the impact of market conditions and client flows on AUM and revenue.
Another key category of news involves Silvercrest’s strategic and organizational initiatives. Recent announcements have covered stock repurchase programs, quarterly dividend declarations on Class A common stock, and amendments to the company’s credit facilities with City National Bank. The firm also issues releases on leadership and investment team developments, such as portfolio manager appointments, succession plans within its U.S. Value Equity team, and new roles in U.S. and international consultant relations to support institutional asset management.
Silvercrest’s press releases additionally highlight its efforts to grow organically in both wealth and institutional markets, including investments in talent, marketing and new offices such as its Singapore location. For investors tracking SAMG, this news feed provides ongoing context on how the firm’s AUM, business mix and strategic priorities evolve over time. Users interested in Silvercrest’s performance and corporate actions can review these updates and related SEC 8-K filings linked to earnings and other events.
Silvercrest Asset Management Group (NASDAQ: SAMG) has scheduled a teleconference for November 1, 2024, at 8:30 am Eastern Time to discuss their third quarter 2024 financial results. The results will be released before U.S. markets open. Chairman, CEO and President Richard R. Hough III and CFO Scott A. Gerard will present the quarterly results and host a Q&A session for analysts and institutional investors. The call can be accessed by dialing 1-844-836-8743 (domestic) or 1-412-317-5723 (international), with a live webcast available on the company's investor relations website.
Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) has announced the appointment of Chip Kelleher as Managing Director, who will lead the firm's expansion in the southern market by opening a new office in Atlanta, Georgia. Kelleher brings extensive experience in asset management and a strong network in the financial industry. The Atlanta office will serve as a key hub for Silvercrest's operations, offering comprehensive asset management and advisory services.
This expansion follows the success of Silvercrest's fast-growing Richmond, VA, office and aims to strengthen the firm's regional presence. The new office will provide a full suite of investment management services, including customized portfolio strategies and comprehensive financial planning, catering to the evolving needs of clients across diverse geographic regions.
Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) has announced a $12 million common stock repurchase program authorized by its Board of Directors. The program allows the company to buy back up to $12 million worth of its Class A common stock over the next 12 months, subject to market conditions. Repurchases may be made in the open market at prices deemed appropriate by the company. The program is flexible, with no obligation to repurchase any specific amount or number of shares, and can be suspended or discontinued at any time. This move demonstrates Silvercrest's confidence in its financial position and commitment to enhancing shareholder value.
Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) reported Q2 2024 results with total Assets Under Management (AUM) of $33.4 billion, including discretionary AUM of $21.6 billion. Revenue increased 4.2% year-over-year to $31.0 million. GAAP net income was $4.4 million, with earnings per share of $0.28. Adjusted EBITDA was $7.2 million, representing a 23.3% margin.
The company faced challenges with narrow market leadership and declining AUM in certain segments. However, Silvercrest's U.S. Value and Small Cap Growth strategies performed well relatively. The company is investing in future growth, including hiring a new global equity investment team and a business development professional for the Southeast region.
Silvercrest's Board approved a 5% increase in quarterly dividend to $0.20 per share of Class A common stock. The company's pipeline of new institutional business opportunities decreased to $1.0 billion but remains up from Q4 2023.
Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) has announced it will host a teleconference on August 2, 2024, at 8:30 am Eastern Time to discuss its financial results for the second quarter ended June 30, 2024. The company will release its financial results before the U.S. equity markets open on the same day. The news release will be available on the company's investor relations website.
Chairman, CEO, and President Richard R. Hough III, along with CFO Scott A. Gerard, will review the quarterly results during the call. Following the prepared remarks, there will be a Q&A session for analysts and institutional investors. The call can be accessed by dialing 1-844-836-8743 (U.S.) or 1-412-317-5723 (international). A live webcast will also be available on the company's website.
Silvercrest Asset Management Group Inc. reported Q1 2024 results, showing positive growth in Discretionary Assets Under Management, Total AUM, and revenue. The company is focusing on new opportunities, investments, and international expansion. While revenue increased, higher expenses impacted most metrics, with a noticeable rise in compensation expenses. Despite challenges, Silvercrest's pipeline of new institutional business opportunities doubled, positioning the firm for positive flows. The company declared a dividend, indicating confidence in its financial position.
Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) has expanded its international and global equity capability by hiring Rehan Chaudhri, James A. Dunn, Jr., Ken Dennig, and Robert Gondolfo. The team will enhance the firm's investment capabilities and global outreach with their Global Equity Strategy, providing comprehensive offerings to families and institutional investors. Rehan Chaudhri and his team bring significant investment expertise and experience managing equity mandates for large institutions worldwide. Chaudhri, a Managing Director and Lead Portfolio Manager, has a proven track record in global and international value equity markets. James A. Dunn, Jr., a Managing Director, brings over 25 years of professional investing experience. Ken Dennig, a former partner at Altrinsic Global Advisors, has over 20 years of investment experience. Robert Gondolfo, a Senior Vice President, brings expertise in process improvement initiatives and back-office operations.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Silvercrest Asse (SAMG)?
What is the market cap of Silvercrest Asse (SAMG)?
