On September 30, 2024, Chuck Royce's investment firm made a notable addition to its portfolio by acquiring 58,630 shares of Silvercrest Asset Management Group Inc. This transaction was executed at a price of $17.24 per share, reflecting a strategic move by the firm.
The acquisition increased the firm's total holdings in Silvercrest Asset Management Group to 586,300 shares. This represents a 6.14% ownership in the company, demonstrating a significant commitment from a major institutional investor.
This increased stake by a well-known investment firm indicates a positive outlook on Silvercrest Asset Management Group's business model and growth potential. Such an investment can bolster investor confidence in the company's long-term trajectory.
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