Silvercrest Asset Management Group (NASDAQ:SAMG) Shares Cross Below 200 Day Moving Average - Time to Sell?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SAMG. Wall Street Zen raised shares of Silvercrest Asset Management Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. 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. Finally, Zacks Research upgraded Silvercrest Asset Management Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce".

Silvercrest Asset Management Group Price Performance

The company's fifty day simple moving average is $10.00 and its two-hundred day simple moving average is $11.44. The stock has a market cap of $119.92 million, a price-to-earnings ratio of 92.01 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $30.78 million during the quarter, compared to analysts' expectations of $30.90 million. On average, analysts forecast that Silvercrest Asset Management Group Inc. will post 0.47 earnings per share for the current year.

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 11th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend was Friday, September 11th. Silvercrest Asset Management Group's payout ratio is currently 763.64%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Silvercrest Asset Management Group during the second quarter worth $3,655,000. Punch & Associates Investment Management Inc. bought a new position in Silvercrest Asset Management Group during the 1st quarter valued at $3,293,000. Renaissance Technologies LLC boosted its holdings in Silvercrest Asset Management Group by 3.0% during the 1st 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 during the last quarter. Rothschild Wealth LLC purchased a new position in Silvercrest Asset Management Group during the 4th quarter worth $1,950,000. Finally, North Star Investment Management Corp. bought a new stake in shares of Silvercrest Asset Management Group in the 1st quarter worth $1,478,000. Institutional investors own 47.59% of the company's stock.

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.