U.S. Markets open in 2 hrs 34 mins

Silvercrest posts 4Q profit

NEW YORK (AP) _ Silvercrest Asset Management Group Inc. (SAMG) on Thursday reported fourth-quarter net income of $1.3 million.

The New York-based company said it had net income of 15 cents per share. Earnings, adjusted for non-recurring costs, were 19 cents per share.

The investment company posted revenue of $21.2 million in the period.

For the year, the company reported profit of $5 million, or 62 cents per share. Revenue was reported as $80.3 million.

Silvercrest shares have risen almost 2 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.40, an increase of 24 percent 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

_____

Keywords: Silvercrest, Earnings Report