secwatch.observer — SEC 8-K summary
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Issuer:     Silvercrest Asset Management Group Inc. (SAMG)
CIK:        0001549966
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000950170-24-089266
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silvercrest Q2 revenue up 4.2% to $31M; net income down to $2.7M
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- Revenue $31.0M (+4.2% YoY); adjusted diluted EPS $0.30 vs $0.34.
- Total AUM $33.4B; discretionary AUM fell $1.1B QoQ to $21.6B on institutional outflows.
- Board declares $0.20/share quarterly dividend, a 5% increase from $0.19.
- Net income margin 14.1% vs 17.3% YoY on higher comp and G&A.
- Hired a global equity investment team and a Southeast UHNW business development pro.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549966/000095017024089266/0000950170-24-089266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549966/000095017024089266/samg-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-089266

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer