Silvercrest Asset Management (SAMG) Misses Q1 EPS by 1c
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Silvercrest Asset Management Group Inc. Reports Q1 2016 Results
May 9, 2016 4:01 PM EDTNEW YORK, May 9, 2016 /PRNewswire/ --Â Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) (the "Company" or "Silvercrest") today reported the results of its operations for the quarter ended March 31, 2016.
Business Update
During the first quarter of 2016, a difficult period for investing, Silvercrest increased year-over-year top-line revenue and EBITDA, while maintaining a solid pipeline of new business opportunities. Silvercrest's investment capabilities continued their outperformance, supporting business development efforts.
Top line revenue increased 10.5% for the quarter ended March 2016 versus March 2015, from $17.4 million to $19.3 million due to organic growth, increased institutional business... More
