Silvercrest Asset Management Group Inc. Announces $25 Million Common Stock Repurchase Program

Rhea-AI Summary

Silvercrest Asset Management Group (NASDAQ: SAMG) has announced a new $25 million stock repurchase program for its Class A common stock. The Board of Directors-authorized program allows the company to repurchase shares through various methods, including open market purchases, privately-negotiated transactions, block purchases, and 10b5-1 share trading plans. The repurchase program is flexible, with no obligation to repurchase any specific amount of shares, and can be suspended or discontinued at any time based on market conditions and other factors.

The timing and actual number of shares repurchased will depend on various factors including market conditions, applicable laws, and other relevant considerations as determined by the company.

[ "Authorization of $25 million stock repurchase program shows confidence in company's financial position", "Flexible repurchase structure allows company to optimize timing and pricing of buybacks", "Program can potentially enhance shareholder value through reduced share count" ]

Positive

• None.

Negative

• No specified timeline for the completion of the repurchase program
• Program may be suspended or discontinued at any time
• Repurchase program could reduce company's cash reserves available for other investments

Insights

Financial Analyst

Silvercrest's $25M stock buyback signals management confidence and potential EPS enhancement, though impact depends on execution timing and share price.

Silvercrest Asset Management's newly authorized $25 million share repurchase program represents a significant capital allocation decision that could positively impact shareholder value. At current market conditions, this program would allow the company to reduce its outstanding share count, potentially enhancing earnings per share (EPS) and creating a floor for the stock price during market volatility.

The flexibility built into this authorization is notable - there's no obligation to repurchase any specific amount, and management has retained discretion on timing, method, and price. This strategic optionality allows the company to be opportunistic with repurchases when they believe shares are undervalued, while preserving capital if better opportunities arise.

The authorization signals management's confidence in Silvercrest's financial position and future prospects. Stock buybacks typically indicate that leadership believes the company's shares represent an attractive investment relative to other potential uses of cash, such as acquisitions or operational investments.

For context, the impact of this $25 million authorization should be evaluated against Silvercrest's total market capitalization and cash reserves to understand its relative significance. The buyback's actual value to shareholders will ultimately depend on execution - specifically the average price paid per share and the timeframe over which purchases occur. If executed at advantageous price points, this program could deliver meaningful shareholder value by reducing share count and supporting the stock price.

NEW YORK, May 23, 2025 (GLOBE NEWSWIRE) -- Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) (the “Company” or “Silvercrest”) today announced that the Company's Board of Directors authorized a common stock repurchase program. Under the program, the Company may purchase up to $25.0 million of its Class A common stock, as market conditions warrant. The shares may be repurchased through open market purchases, privately-negotiated transactions, block purchases, one or more 10b5-1 share trading plans, or otherwise in accordance with all applicable federal and state securities laws and regulations, at prices that the Company deems appropriate and subject to market conditions, applicable law and other factors deemed relevant in the Company’s sole discretion. The stock repurchase program does not obligate the Company to repurchase any dollar amount or number of shares of Class A common stock, and the program may be suspended or discontinued at any time.

Forward-Looking Statements and Other Disclosures

This release contains, and from time to time our management may make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements in this release include, but are not limited to, statements that relate to Silvercrest’s ability to execute the share repurchase program, in whole or in part, and expected timing and amount of repurchases. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties and assumptions. These statements are only predictions based on our current expectations and projections about future events. Important factors that could cause actual results, level of activity, performance or achievements to differ materially from those indicated by such forward-looking statements include, but are not limited to: incurrence of net losses; fluctuations in quarterly and annual results; adverse economic or market conditions; our expectations with respect to future levels of assets under management, inflows and outflows; our ability to retain clients; our ability to maintain our fee structure; our particular choices with regard to investment strategies employed; our ability to hire and retain qualified investment professionals; the cost of complying with current and future regulation coupled with the cost of defending ourselves from related investigations or litigation; failure of our operational safeguards against breaches in data security, privacy, conflicts of interest or employee misconduct; our expected tax rate; our expectations with respect to deferred tax assets, adverse economic or market conditions; incurrence of net losses; adverse effects of management focusing on implementation of a growth strategy; failure to develop and maintain the Silvercrest brand; and other factors disclosed under “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2024, which is accessible on the U.S. Securities and Exchange Commission’s website at www.sec.gov. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

About Silvercrest

Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser. With offices in New York, Boston, Virginia, New Jersey, California and Wisconsin, Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors. As of March 31, 2025, the firm reported assets under management of $35.3 billion.

Contact: Richard Hough
212-649-0601
rhough@silvercrestgroup.com

FAQ

What is the size of Silvercrest's (SAMG) new stock repurchase program?

Silvercrest Asset Management Group announced a $25 million Class A common stock repurchase program.

How will SAMG implement its stock buyback program?

The company may repurchase shares through open market purchases, privately-negotiated transactions, block purchases, 10b5-1 share trading plans, or other methods in accordance with federal and state securities laws.

Is Silvercrest (SAMG) required to complete the entire $25M stock repurchase?

No, the program does not obligate Silvercrest to repurchase any specific dollar amount or number of shares, and can be suspended or discontinued at any time.

What factors will determine SAMG's stock repurchase timing and amount?

The repurchases will be based on market conditions, applicable laws, price considerations, and other factors deemed relevant by the company.