Silvercrest Asset Management Group (NASDAQ:SAMG) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $11.44 and traded as low as $9.69. Silvercrest Asset Management Group shares last traded at $10.12, with a volume of 100,164 shares.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SAMG shares. Wall Street Zen upgraded Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research upgraded Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings lowered Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Silvercrest Asset Management Group currently has a consensus rating of “Reduce”.

Silvercrest Asset Management Group Stock Performance

The stock has a market cap of $122.06 million, a price-to-earnings ratio of 93.64 and a beta of 0.64. The company’s 50 day simple moving average is $10.01 and its two-hundred day simple moving average is $11.43.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its earnings results on Friday, July 31st. The asset manager reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Silvercrest Asset Management Group had a net margin of 0.72% and a return on equity of 8.71%. The company had revenue of $30.78 million during the quarter, compared to analyst estimates of $30.90 million. On average, equities research analysts predict that Silvercrest Asset Management Group Inc. will post 0.47 earnings per share for the current fiscal year.

Silvercrest Asset Management Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 11th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a yield of 8.2%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 763.64%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SAMG. Ancora Advisors LLC bought a new stake in shares of Silvercrest Asset Management Group in the 2nd quarter valued at approximately $28,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Silvercrest Asset Management Group in the second quarter valued at approximately $3,655,000. Punch & Associates Investment Management Inc. bought a new stake in Silvercrest Asset Management Group in the first quarter worth approximately $3,293,000. Renaissance Technologies LLC grew its position in Silvercrest Asset Management Group by 3.0% in the first quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager’s stock worth $2,174,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Silvercrest Asset Management Group by 12.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 29,572 shares of the asset manager’s stock worth $397,000 after purchasing an additional 3,191 shares during the last quarter. 47.59% of the stock is owned by institutional investors and hedge funds.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc (NASDAQ:SAMG) is an investment management and wealth advisory firm serving high-net-worth individuals, families, family offices, trusts, foundations and institutions. The company provides customized investment solutions designed to address clients’ long-term financial objectives and wealth management needs.

Its services include discretionary portfolio management, financial planning, family office support and advice on asset allocation and alternative investments.