Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Sees Significant Growth in Short Interest

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 39,100 shares, a growth of 29.5% from the February 28th total of 30,200 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 24,100 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On Silvercrest Asset Management Group

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Silvercrest Asset Management Group by 4.9% in the third quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager’s stock valued at $3,852,000 after purchasing an additional 10,477 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Silvercrest Asset Management Group by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 208,760 shares of the asset manager’s stock valued at $3,839,000 after buying an additional 2,175 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of Silvercrest Asset Management Group by 1.4% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 125,695 shares of the asset manager’s stock worth $2,312,000 after acquiring an additional 1,781 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Silvercrest Asset Management Group by 5.1% in the fourth quarter. Northern Trust Corp now owns 77,304 shares of the asset manager’s stock worth $1,422,000 after acquiring an additional 3,751 shares during the period. Finally, Cary Street Partners Financial LLC bought a new stake in Silvercrest Asset Management Group in the fourth quarter valued at approximately $1,197,000. 47.59% of the stock is currently owned by institutional investors.

Silvercrest Asset Management Group Stock Performance

Shares of NASDAQ SAMG traded down $0.04 during trading hours on Wednesday, hitting $16.50. 251,941 shares of the stock were exchanged, compared to its average volume of 28,449. Silvercrest Asset Management Group has a 1-year low of $13.93 and a 1-year high of $19.20. The company has a market cap of $224.96 million, a PE ratio of 20.63 and a beta of 0.80. The company’s fifty day simple moving average is $17.72 and its two-hundred day simple moving average is $17.70.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings results on Thursday, March 6th. The asset manager reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.13). Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%. The business had revenue of $31.96 million for the quarter, compared to analyst estimates of $31.97 million.

Silvercrest Asset Management Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 14th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 4.85%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 79.21%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 28th.

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.