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The latest update is out from SilverCrest Asset Management ( (SAMG) ).
On June 18, 2024, Silvercrest L.P.’s subsidiaries entered into an Amendment and Restatement Agreement with City National Bank, establishing a $10 million term loan and revolving credit facility. The agreement set the term loan maturity for June 18, 2027, and the revolving credit facility for June 18, 2025. On June 18, 2025, the agreement was amended to extend the term loan maturity to June 18, 2028, with possible extensions to 2030, and the revolving credit facility to June 18, 2026, alongside an updated fee structure.
Spark’s Take on SAMG Stock
According to Spark, TipRanks’ AI Analyst, SAMG is a Neutral.
SilverCrest Asset Management’s overall stock score reflects solid financial performance and positive corporate strategy moves. However, bearish technical indicators and challenges highlighted in the earnings call, such as market volatility and increased expenses, temper the outlook. The company’s valuation and dividend yield provide some appeal, particularly for income investors.
To see Spark’s full report on SAMG stock, click here.
More about SilverCrest Asset Management
Average Trading Volume: 71,042
Technical Sentiment Signal: Sell
Current Market Cap: $198.3M
See more data about SAMG stock on TipRanks’ Stock Analysis page.