Revenue Update on Silvercrest Asset Management Group Inc(NASDAQ:SAMG)

Silvercrest Asset Management Group Inc(NASDAQ:SAMG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 5, 2016. Company reported revenue of $19.34M. Analysts estimated a revenue of $18.15M. Earnings per share were $0.17.

Silvercrest Asset Management Group Inc (SAMG) shares turned negative on Wednesdays trading session with the shares closing down -0.11 points or -0.94% at a volume of 15,540. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.8. The peak price level was also seen at $11.8 while the days lowest was $11.59. Finally the shares closed at $11.62. The 52-week high of the shares is $13.8 while the 52-week low is $9.84. According to the latest information available, the market cap of the company is $148 M.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Richard Scott Pechter (director) purchased 900 shares at $12.00 per share price.Also, On Apr 20, 2015, Martin Jaffe (10% owner) sold 100,000 shares at $14.40 per share price.

Silvercrest Asset Management Group Inc. (Silvercrest) is a full-service wealth management firm focused on providing financial advisory and related family office services to ultra-high net worth individuals and institutional investors. The Company offers a suite of complementary and customized family office services for families seeking oversight of the financial affairs. The Company’s solutions include portfolio management investments and family office services. Portfolio management team helps clients to design a customized portfolio strategy to achieve them. Portfolio management team also endeavors to integrate estate and financial planning concepts into the investment advice that it render to the clients. The Company’s investments solutions include equity management fixed income management outsourced investments and alternative investments. Silvercrest also provides wealth and tax planning fiduciary services personal accounting services and concierge services.

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