Nucor earnings beat by $0.08, revenue fell short of estimates
Silvercrest Asset Management Group Inc. (NASDAQ:SAMG), a $196 million asset management firm currently trading at $14.67, conducted its annual stockholder meeting today, where key proposals were put to vote. According to InvestingPro analysis, the company shows strong financial health with consistent dividend payments for 13 consecutive years. The meeting, held in New York, included the election of two directors, Richard J. Burns and J. Allen Gray, to the board until the 2028 meeting. Both nominees were elected with Burns receiving 7,034,852 votes in favor and Gray receiving 8,827,670 votes. The company’s strong governance is reflected in its attractive P/E ratio of 15.4x and robust current ratio of 3.18, indicating solid financial management.
The meeting also included an advisory vote on executive compensation, which passed with 5,983,190 votes for, 2,619,575 against, and 1,440,881 abstentions. Additionally, stockholders voted on the frequency of future advisory votes on executive compensation, deciding to hold them annually, with 8,816,253 votes supporting this frequency.
An amendment to the 2012 Equity Incentive Plan was approved, increasing the authorized shares by 1,500,000. The proposal received 7,087,986 votes in favor, 2,340,232 against, and 615,428 abstentions.
Lastly, the appointment of Deloitte & Touche LLP as Silvercrest’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified with 11,186,106 votes in favor.
These results were disclosed in a regulatory filing with the Securities and Exchange Commission. For deeper insights into Silvercrest’s financial health and growth potential, including additional ProTips and comprehensive analysis, visit InvestingPro, where you’ll find detailed research reports and Fair Value assessments.
In other recent news, Silvercrest Asset Management Group reported its first-quarter earnings for 2025, revealing a revenue of $31.4 million, which was below the forecasted $32.39 million. The company’s earnings per share (EPS) came in at $0.27, missing analysts’ expectations of $0.335. Silvercrest completed a $12 million stock repurchase program and has announced a new authorization to buy back up to $25 million of its Class A common stock. The firm is expanding its international presence, particularly in Europe and Southeast Asia, as part of its strategic initiatives. Despite the earnings miss, Silvercrest experienced strong new client organic flows of $400 million during the first quarter. The company is also targeting significant growth in its Global Value strategy and expects to complete European licensing within the next 6 to 10 months. These developments come amid market volatility and global economic concerns, which the company acknowledges may impact its short-term results.
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