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Silvercrest: 1Q Earnings Snapshot

NEW YORK (AP) _ Silvercrest Asset Management Group Inc. (SAMG) on Thursday reported first-quarter earnings of $1.7 million.

On a per-share basis, the New York-based company said it had net income of 20 cents. Earnings, adjusted for non-recurring costs, were 24 cents per share.

The investment company posted revenue of $22.6 million in the period.

Silvercrest shares have increased 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.80, a fall of roughly 5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAMG at https://www.zacks.com/ap/SAMG