Silvercrest Posts 8c Q3 EPS Ahead of Tomorrow's Earnings Call
SAMG is trading near its 52-week low of $9.09 (14% above the low).
Summary
Silvercrest reported third-quarter EPS of 8 cents, with adjusted EPS of USD 0.16, its first profit print since Q2 net income collapsed 91% year-over-year to just $170K on rising compensation and professional fees. Third-quarter revenue came in at $32.7M and net income at $1.2M. Context matters here: Equinox Partners has been steadily building its stake, moving from 7.1% in late September to 10.3% by mid-October and adding 34,126 more shares for $352,684 through October 22. The full release and 8:30 am ET call on October 30 will show whether the margin pressure that crushed Q2 has eased.
At the time of this announcement, SAMG was trading at $10.35 on NASDAQ in the Finance sector, with a market capitalization of approximately $122.6M. The 52-week trading range was $9.09 to $16.16. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.