10,500 Shares in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Bought by Gabelli Funds LLC

Gabelli Funds LLC bought a new stake in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMGFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,500 shares of the asset manager’s stock, valued at approximately $167,000. Gabelli Funds LLC owned approximately 0.08% of Silvercrest Asset Management Group at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SAMG. Northern Trust Corp raised its position in Silvercrest Asset Management Group by 0.7% in the 2nd quarter. Northern Trust Corp now owns 80,306 shares of the asset manager’s stock worth $1,626,000 after purchasing an additional 594 shares during the period. Bank of New York Mellon Corp raised its position in Silvercrest Asset Management Group by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 70,060 shares of the asset manager’s stock worth $1,112,000 after purchasing an additional 697 shares during the period. UBS Group AG raised its position in Silvercrest Asset Management Group by 10.2% in the 3rd quarter. UBS Group AG now owns 7,559 shares of the asset manager’s stock worth $124,000 after purchasing an additional 697 shares during the period. JPMorgan Chase & Co. raised its position in Silvercrest Asset Management Group by 140.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,376 shares of the asset manager’s stock worth $28,000 after purchasing an additional 804 shares during the period. Finally, Morgan Stanley raised its position in Silvercrest Asset Management Group by 2.9% in the 4th quarter. Morgan Stanley now owns 33,281 shares of the asset manager’s stock worth $625,000 after purchasing an additional 930 shares during the period. 48.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 30th.

Check Out Our Latest Stock Report on SAMG

Silvercrest Asset Management Group Stock Performance

Shares of NASDAQ:SAMG opened at $16.55 on Monday. The firm has a market cap of $229.88 million, a PE ratio of 13.57 and a beta of 0.88. The firm’s 50 day simple moving average is $16.75 and its 200-day simple moving average is $17.36. Silvercrest Asset Management Group Inc. has a one year low of $14.94 and a one year high of $23.20.

About Silvercrest Asset Management Group

(Free Report)

Silvercrest Asset Management Group Inc, a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors.

Further Reading

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Institutional Ownership by Quarter for Silvercrest Asset Management Group (NASDAQ:SAMG)

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