Silvercrest Asset Management Group (NASDAQ:SAMG) Shares Break Below Two Hundred Day Moving Average - What's Next?

Key Points

• SAMG shares fell below their 200-day moving average, trading as low as $10.30 versus the $11.29 average, and last changing hands at $10.54.
• Analyst sentiment remains cautious: ratings include one Hold and one Sell, producing a consensus “Reduce” rating. The company’s latest quarterly results met EPS expectations at $0.10, while revenue slightly missed forecasts.
• Silvercrest announced a quarterly dividend of $0.21 per share, equivalent to an annualized $0.84 payout and an 8.0% yield, though its payout ratio is an exceptionally high 763.64%.

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $11.29 and traded as low as $10.30. Silvercrest Asset Management Group shares last traded at $10.54, with a volume of 127,852 shares.

Analyst Ratings Changes

A number of research analysts have commented on SAMG shares. Zacks Research raised Silvercrest Asset Management Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. Wall Street Zen raised Silvercrest Asset Management Group from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Weiss Ratings cut shares of 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce".

Silvercrest Asset Management Group Stock Up 0.5%

The company's fifty day moving average price is $10.07 and its 200 day moving average price is $11.29. The company has a market capitalization of $124.88 million, a P/E ratio of 95.83 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The asset manager reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $30.78 million during the quarter, compared to analysts' expectations of $30.90 million. Silvercrest Asset Management Group had a return on equity of 8.71% and a net margin of 0.72%. 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 business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 11th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Friday, September 11th. Silvercrest Asset Management Group's dividend payout ratio is presently 763.64%.

Institutional Trading of Silvercrest Asset Management Group

Several large investors have recently modified their holdings of the stock. Ancora Advisors LLC bought a new stake in Silvercrest Asset Management Group during the second quarter worth about $28,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Silvercrest Asset Management Group during the second quarter worth about $3,655,000. Punch & Associates Investment Management Inc. bought a new position in Silvercrest Asset Management Group in the 1st quarter valued at about $3,293,000. Renaissance Technologies LLC raised its position in shares of Silvercrest Asset Management Group by 3.0% in the 1st quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager's stock valued at $2,174,000 after buying an additional 4,700 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Silvercrest Asset Management Group by 12.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 29,572 shares of the asset manager's stock valued at $397,000 after buying an additional 3,191 shares in 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.