Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.55 and traded as low as $14.15. Silvercrest Asset Management Group shares last traded at $14.23, with a volume of 30,460 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Silvercrest Asset Management Group has an average rating of “Hold”.

Silvercrest Asset Management Group Price Performance

The stock has a 50 day moving average price of $15.44 and a two-hundred day moving average price of $15.55. The firm has a market capitalization of $178.83 million, a price-to-earnings ratio of 16.17 and a beta of 0.75.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results on Thursday, October 30th. The asset manager reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10). The company had revenue of $31.30 million during the quarter, compared to analysts’ expectations of $32.12 million. Silvercrest Asset Management Group had a net margin of 6.63% and a return on equity of 12.03%.

Silvercrest Asset Management Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 12th will be issued a $0.21 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.84 dividend on an annualized basis and a yield of 5.9%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 118.31%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey purchased a new position in Silvercrest Asset Management Group in the second quarter valued at $34,000. BNP Paribas Financial Markets boosted its holdings in Silvercrest Asset Management Group by 1,200.0% in the second quarter. BNP Paribas Financial Markets now owns 9,373 shares of the asset manager’s stock valued at $149,000 after purchasing an additional 8,652 shares during the period. Engineers Gate Manager LP purchased a new position in Silvercrest Asset Management Group in the second quarter valued at $167,000. Jane Street Group LLC purchased a new position in Silvercrest Asset Management Group in the first quarter valued at $242,000. Finally, R Squared Ltd boosted its holdings in Silvercrest Asset Management Group by 126.9% in the first quarter. R Squared Ltd now owns 15,111 shares of the asset manager’s stock valued at $247,000 after purchasing an additional 8,451 shares during the period. 47.59% of the stock is currently owned by hedge funds and other institutional investors.

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.