Silvercrest Asset Management Group Inc. Announces $12 Million Common Stock Repurchase Program
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) ha annunciato un programma di riacquisto di azioni ordinarie da 12 milioni di dollari autorizzato dal suo Consiglio di Amministrazione. Il programma consente all'azienda di riacquistare fino a 12 milioni di dollari di azioni ordinarie di Classe A nei prossimi 12 mesi, soggetto alle condizioni di mercato. I riacquisti possono avvenire nel mercato aperto a prezzi ritenuti appropriati dall'azienda. Il programma è flessibile, senza obbligo di riacquistare un importo o un numero specifico di azioni, e può essere sospeso o interrotto in qualsiasi momento. Questa mossa dimostra la fiducia di Silvercrest nella propria posizione finanziaria e l'impegno a migliorare il valore per gli azionisti.
Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) ha anunciado un programa de recompra de acciones ordinarias de 12 millones de dólares autorizado por su Junta Directiva. El programa permite a la empresa recomprar hasta 12 millones de dólares en acciones ordinarias de Clase A en los próximos 12 meses, sujeto a las condiciones del mercado. Las recompras pueden hacerse en el mercado abierto a precios que la empresa considere apropiados. El programa es flexible, sin obligación de recomprar un monto o número específico de acciones, y puede ser suspendido o cancelado en cualquier momento. Este movimiento demuestra la confianza de Silvercrest en su posición financiera y su compromiso con el aumento del valor para los accionistas.
실버크레스트 자산 관리 그룹 주식회사(Silvercrest Asset Management Group Inc.)(NASDAQ: SAMG)는 이사회의 승인을 받은 1200만 달러 규모의 보통주 매입 프로그램을 발표했습니다. 이 프로그램은 회사가 향후 12개월 동안 시장 상황에 따라 클래스 A 보통주를 최대 1200만 달러어치까지 매입할 수 있도록 허용합니다. 매입은 회사가 적합하다고 판단하는 가격으로 공개 시장에서 이루어질 수 있습니다. 이 프로그램은 유연성이 있으며, 특정 금액이나 주식 수를 매입할 의무가 없으며 언제든지 중단되거나 종료될 수 있습니다. 이 조치는 실버크레스트가 자신들의 재무 상태에 대한 신뢰와 주주 가치를 증대시키려는 의지를 나타냅니다.
Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) a annoncé un programme de rachat d'actions ordinaires de 12 millions de dollars autorisé par son Conseil d'administration. Le programme permet à l'entreprise de racheter jusqu'à 12 millions de dollars d'actions ordinaires de Classe A au cours des 12 prochains mois, sous réserve des conditions du marché. Les rachats peuvent être effectués sur le marché libre à des prix jugés appropriés par l'entreprise. Le programme est flexible, sans obligation de racheter un montant ou un nombre spécifique d'actions, et peut être suspendu ou arrêté à tout moment. Ce mouvement démontre la confiance de Silvercrest en sa position financière et son engagement à améliorer la valeur pour les actionnaires.
Die Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) hat ein Aktienrückkaufprogramm über 12 Millionen Dollar angekündigt, das von ihrem Vorstand genehmigt wurde. Das Programm erlaubt es dem Unternehmen, binnen der nächsten 12 Monate bis zu 12 Millionen Dollar an seiner Stammaktie der Klasse A zurückzukaufen, vorbehaltlich der Marktbedingungen. Rückkäufe können am offenen Markt zu Preisen vorgenommen werden, die vom Unternehmen als angemessen erachtet werden. Das Programm ist flexibel, ohne Verpflichtung, einen bestimmten Betrag oder eine bestimmte Anzahl von Aktien zurückzukaufen, und kann jederzeit ausgesetzt oder eingestellt werden. Dieser Schritt zeigt das Vertrauen von Silvercrest in seine finanzielle Lage und das Engagement zur Steigerung des Shareholder-Values.
- Authorization of a $12 million stock repurchase program
- Potential to enhance shareholder value through stock buybacks
- Flexibility in program implementation, allowing for market-responsive decisions
- Potential reduction in cash reserves available for other investments or operations
Silvercrest's $12 million stock repurchase program signals confidence in the company's financial health and future prospects. This move is typically viewed positively by investors for several reasons:
- It can boost earnings per share by reducing the number of outstanding shares
- It may indicate management believes the stock is undervalued
- It can provide support for the stock price in the market
However, the
This repurchase program aligns with broader market trends where companies are increasingly using buybacks to return value to shareholders. For Silvercrest, an asset management firm, this move could be interpreted as a strategic response to current market dynamics:
- Market volatility: Buybacks can provide stability during uncertain times
- Interest rates: With potential rate cuts, companies may prefer buybacks over holding cash
- Industry competition: Enhancing shareholder value to remain attractive in a competitive asset management landscape
Investors should consider how this program compares to industry peers and its potential impact on Silvercrest's market position and investor perception. The modest size suggests a balanced approach to capital management, which could be viewed favorably in the current economic climate.
NEW YORK, Aug. 16, 2024 (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
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; and our expectations with respect to deferred tax assets, adverse economic or market conditions, including the continued adverse effects of the coronavirus pandemic; 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, 2023, 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 June 30, 2024, the firm reported assets under management of
Contact: Richard Hough
212-649-0601
rhough@silvercrestgroup.com
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