Royce & Associates LP Reports 8.1% Stake in Silvercrest Asset Mgmt
Ticker: SAMG · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1549966
| Field | Detail |
|---|---|
| Company | Silvercrest Asset Management Group Inc. (SAMG) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, asset-management
TL;DR
**Royce & Associates LP now owns 8.1% of Silvercrest Asset Management Group Inc. as of Dec 31, 2023.**
AI Summary
Royce & Associates, LP, an investment firm, filed an amended SC 13G/A on January 30, 2024, disclosing its ownership in Silvercrest Asset Management Group Inc. As of December 31, 2023, Royce & Associates, LP beneficially owned 642,691 shares of Silvercrest's Class A Common Stock, representing 8.1% of the company. This is an amendment (No. 11), indicating a change in their previously reported holdings, which matters to investors as it shows a significant institutional investor's updated position in the company.
Why It Matters
This filing updates Royce & Associates, LP's ownership in Silvercrest, signaling their continued significant, albeit potentially adjusted, interest in the company, which can influence investor sentiment.
Risk Assessment
Risk Level: low — This filing is a routine update of an institutional investor's holdings and does not indicate any immediate high-risk events.
Analyst Insight
Investors should note that a prominent institutional investor, Royce & Associates, LP, maintains a substantial 8.1% stake in Silvercrest Asset Management Group Inc., which could be seen as a vote of confidence, but should also monitor future filings for any significant changes in this position.
Key Numbers
- 642,691 — Shares Owned (Number of Class A Common Stock shares Royce & Associates, LP beneficially owns in Silvercrest Asset Management Group Inc.)
- 8.1% — Ownership Percentage (Percentage of Silvercrest Asset Management Group Inc.'s Class A Common Stock owned by Royce & Associates, LP.)
- December 31, 2023 — Reporting Date (The date as of which the ownership stake is reported.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- Silvercrest Asset Management Group Inc. (company) — the issuer of the securities
- 642,691 (dollar_amount) — shares beneficially owned by Royce & Associates, LP
- 8.1% (dollar_amount) — percentage of Class A Common Stock owned by Royce & Associates, LP
- December 31, 2023 (date) — date of the event requiring the filing
Forward-Looking Statements
- Royce & Associates, LP will maintain a significant stake in Silvercrest Asset Management Group Inc. (Royce & Associates, LP) — medium confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Royce & Associates, LP, with IRS Identification No. 52-2343049, located in New York.
What is the name of the issuer whose securities are being reported?
The issuer is Silvercrest Asset Management Group Inc., with CIK 0001549966.
How many shares of Class A Common Stock does Royce & Associates, LP beneficially own in Silvercrest Asset Management Group Inc.?
Royce & Associates, LP beneficially owns 642,691 shares of Class A Common Stock in Silvercrest Asset Management Group Inc. as of December 31, 2023.
What percentage of Silvercrest Asset Management Group Inc.'s Class A Common Stock does Royce & Associates, LP own?
Royce & Associates, LP owns 8.1% of Silvercrest Asset Management Group Inc.'s Class A Common Stock.
What is the CUSIP number for the Class A Common Stock of Silvercrest Asset Management Group Inc.?
The CUSIP number for the Class A Common Stock of Silvercrest Asset Management Group Inc. is 828359109.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Silvercrest Asset Management Group Inc. (SAMG).