Short Interest in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Decreases By 36.6%

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 36,700 shares, a decline of 36.6% from the March 15th total of 57,900 shares. Approximately 0.4% of the company's shares are sold short. Based on an average daily volume of 19,800 shares, the short-interest ratio is currently 1.9 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Silvercrest Asset Management Group

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Silvercrest Asset Management Group by 140.6% in the first quarter. JPMorgan Chase & Co. now owns 1,376 shares of the asset manager's stock worth $28,000 after buying an additional 804 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Silvercrest Asset Management Group by 2,221.0% in the second quarter. BNP Paribas Arbitrage SA now owns 2,321 shares of the asset manager's stock worth $38,000 after buying an additional 2,221 shares in the last quarter. West Tower Group LLC bought a new position in Silvercrest Asset Management Group in the fourth quarter worth about $39,000. Citigroup Inc. raised its stake in Silvercrest Asset Management Group by 122.0% in the fourth quarter. Citigroup Inc. now owns 3,417 shares of the asset manager's stock worth $64,000 after buying an additional 1,878 shares in the last quarter. Finally, American International Group Inc. bought a new position in Silvercrest Asset Management Group in the second quarter worth about $76,000. 47.59% of the stock is owned by institutional investors.

Silvercrest Asset Management Group Stock Down 0.1 %

Shares of NASDAQ:SAMG traded down $0.01 during midday trading on Friday, hitting $14.80. 25,137 shares of the stock traded hands, compared to its average volume of 20,893. The stock has a market capitalization of $205.87 million, a PE ratio of 15.42 and a beta of 0.85. The business's 50 day moving average is $15.86 and its two-hundred day moving average is $16.36. Silvercrest Asset Management Group has a one year low of $14.38 and a one year high of $23.20.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The asset manager reported $0.07 EPS for the quarter. The firm had revenue of $28.54 million during the quarter. Silvercrest Asset Management Group had a net margin of 7.75% and a return on equity of 13.10%. As a group, sell-side analysts forecast that Silvercrest Asset Management Group will post 1.54 earnings per share for the current year.

Silvercrest Asset Management Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 8th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date was Thursday, March 7th. Silvercrest Asset Management Group's payout ratio is currently 79.17%.

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.

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