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NEW YORK - Silvercrest Asset Management Group Inc. (NASDAQ: SAMG), an investment advisory firm with a market capitalization of $189 million, announced today that its Board of Directors has authorized a new stock repurchase program. The company may buy back up to $25 million of its Class A common stock depending on market conditions. According to InvestingPro analysis, SAMG is currently trading near its 52-week low, with shares down over 20% year-to-date, potentially making this buyback program particularly timely.
The repurchase program allows Silvercrest to acquire shares through various methods, such as open market purchases, privately negotiated transactions, or block purchases. The implementation of the program will be contingent on market conditions, legal requirements, and other factors at the company’s discretion. Silvercrest has clarified that the program does not commit the company to repurchase a specific number of shares or amount of stock and can be suspended or discontinued at any time. The company maintains a strong financial position with a healthy current ratio of 3.18 and has consistently maintained dividend payments for 13 consecutive years, currently offering a 5.58% dividend yield.
This announcement follows the company’s report of managing assets worth $35.3 billion as of March 31, 2025. Silvercrest, which was founded in April 2002, operates as an independent, employee-owned registered investment adviser, generating revenues of $125 million in the last twelve months with a solid profit margin of 37.6%. It offers traditional and alternative investment advisory services and family office services to its clientele, which includes wealthy families and select institutional investors. The firm has a presence in New York, Boston, Virginia, New Jersey, California, and Wisconsin. For detailed insights into SAMG’s financial health and growth prospects, including additional ProTips and comprehensive analysis, visit InvestingPro.
The company’s forward-looking statements regarding the execution and anticipated outcomes of the repurchase program are covered under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and are subject to risks, uncertainties, and changes in condition that could impact the company’s ability to execute the repurchase program as planned. Based on InvestingPro’s Fair Value analysis, SAMG appears undervalued at current levels, with analysts setting price targets between $23.50 and $24.00 per share.
Investors are cautioned that forward-looking statements involve predictions that are subject to known and unknown risks and uncertainties. These may cause actual results to differ materially from expectations. Factors that could affect the company’s performance include market conditions, regulatory considerations, and the company’s ability to maintain its client base and fee structure.
This news is based on a press release statement from Silvercrest Asset Management Group Inc. The information provided is subject to change and has not been independently verified.
In other recent news, Silvercrest Asset Management Group reported its first-quarter earnings for 2025, revealing a revenue of $31.4 million, which fell short of the forecasted $32.39 million. The company’s earnings per share (EPS) were $0.27, missing analysts’ expectations of $0.335. Despite a 3.7% year-over-year increase in revenue, the earnings miss raised concerns among investors. Silvercrest completed a $12 million stock repurchase program, reflecting a strategic move to enhance shareholder value. The company is also expanding its international presence, particularly in Europe and Southeast Asia, which is expected to bolster future growth. Analysts from firms such as Janney Montgomery Scott have highlighted the potential for growth through Silvercrest’s Global Value strategy and ongoing international expansion. Silvercrest’s CEO, Rick Huff, emphasized the company’s strong new client organic flows of $400 million during the first quarter, indicating positive momentum despite market volatility. The firm remains optimistic about securing more significant organic flows over the course of 2025.
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