Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Crosses Below Two Hundred Day Moving Average of $16.31

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.31 and traded as low as $14.12. Silvercrest Asset Management Group shares last traded at $14.62, with a volume of 19,639 shares traded.

Wall Street Analyst Weigh In

SAMG has been the subject of several research analyst reports. Singular Research reissued a “buy” rating on shares of Silvercrest Asset Management Group in a report on Monday, March 18th. StockNews.com raised Silvercrest Asset Management Group from a “hold” rating to a “buy” rating in a report on Saturday, March 16th.

Silvercrest Asset Management Group Price Performance

The company has a market capitalization of $203.36 million, a P/E ratio of 15.23 and a beta of 0.85. The company has a fifty day moving average price of $15.71 and a 200 day moving average price of $16.31.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its earnings results on Thursday, March 7th. The asset manager reported $0.07 EPS for the quarter. The company had revenue of $28.54 million during the quarter. Silvercrest Asset Management Group had a return on equity of 13.10% and a net margin of 7.75%. On average, equities research analysts predict that Silvercrest Asset Management Group Inc. will post 1.54 earnings per share for the current fiscal year.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 8th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date was Thursday, March 7th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 79.17%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

A number of institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in Silvercrest Asset Management Group in the fourth quarter worth approximately $529,000. Vanguard Group Inc. lifted its position in Silvercrest Asset Management Group by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 517,380 shares of the asset manager’s stock worth $8,795,000 after purchasing an additional 9,052 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Silvercrest Asset Management Group in the fourth quarter worth approximately $189,000. Virtu Financial LLC acquired a new stake in Silvercrest Asset Management Group in the fourth quarter worth approximately $185,000. Finally, Barclays PLC lifted its position in Silvercrest Asset Management Group by 89.5% in the fourth quarter. Barclays PLC now owns 26,195 shares of the asset manager’s stock worth $446,000 after purchasing an additional 12,373 shares during the period. 47.59% of the stock is currently owned by institutional investors and hedge funds.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc, a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors.