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) provides institutional-grade wealth management and family office services to ultra-high-net-worth clients. This news hub delivers official updates directly from the employee-owned firm, offering investors and analysts a centralized source for strategic developments.
Discover SAMG's latest earnings reports, leadership announcements, and portfolio strategy insights. Our curated collection features press releases covering acquisitions, risk management innovations, and service expansions – all essential for understanding this independent advisor's market position.
Key updates include quarterly performance disclosures, regulatory filings, and executive commentary on market trends. Bookmark this page to monitor SAMG's disciplined approach to asset allocation and its evolving solutions for complex wealth management needs.
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.
Silvercrest Asset Management Group Inc. (SAMG) will host a teleconference on May 3, 2024, to discuss the financial results for the first quarter ended March 31, 2024. Chairman Richard R. Hough III and CFO Scott A. Gerard will review the results, followed by a Q&A session for analysts and investors.
