NEW YORK (AP) _ Silvercrest Asset Management Group Inc. (SAMG) on Thursday reported first-quarter profit of $5.5 million.
The New York-based company said it had net income of 59 cents per share. Earnings, adjusted for non-recurring gains, came to 36 cents per share.
The investment company posted revenue of $28.4 million in the period.
Silvercrest shares have declined 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.18, a fall of 30% in the last 12 months.