Silvercrest Asset Management Group (NASDAQ:SAMG) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.47 and traded as low as $13.11. Silvercrest Asset Management Group shares last traded at $13.15, with a volume of 16,859 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SAMG. Weiss Ratings lowered shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 17th. Zacks Research raised shares of Silvercrest Asset Management Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Silvercrest Asset Management Group presently has a consensus rating of “Moderate Buy”.

Silvercrest Asset Management Group Trading Down 0.5%

The company’s fifty day moving average is $13.96 and its 200 day moving average is $14.47. The company has a market cap of $154.38 million, a P/E ratio of 24.70 and a beta of 0.74.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results on Monday, March 16th. The asset manager reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). Silvercrest Asset Management Group had a net margin of 3.90% and a return on equity of 11.99%. The business had revenue of $31.96 million for the quarter, compared to the consensus estimate of $32.06 million. Analysts anticipate that Silvercrest Asset Management Group Inc. will post 1.53 EPS for the current year.

Silvercrest Asset Management Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 13th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.84 annualized dividend and a yield of 6.4%. Silvercrest Asset Management Group’s dividend payout ratio is presently 158.49%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Several institutional investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. purchased a new stake in Silvercrest Asset Management Group during the 1st quarter valued at $1,478,000. Hsbc Holdings PLC boosted its position in Silvercrest Asset Management Group by 4.0% during the 4th quarter. Hsbc Holdings PLC now owns 68,026 shares of the asset manager’s stock valued at $1,046,000 after buying an additional 2,629 shares during the period. Russell Investments Group Ltd. boosted its position in Silvercrest Asset Management Group by 64.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,030 shares of the asset manager’s stock valued at $31,000 after buying an additional 798 shares during the period. Rothschild Wealth LLC purchased a new stake in Silvercrest Asset Management Group during the 4th quarter valued at $1,950,000. Finally, Marshall Wace LLP boosted its position in Silvercrest Asset Management Group by 18.5% during the 4th quarter. Marshall Wace LLP now owns 40,852 shares of the asset manager’s stock valued at $621,000 after buying an additional 6,366 shares during the period. Hedge funds and other institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.