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

Key Points

• Silvercrest shares fell below their 200-day moving average, trading as low as $10.13 and closing around $10.27 versus the $11.01 long-term average.
• Analyst sentiment is cautious: recent ratings included upgrades to “Hold” and a downgrade to “Sell,” resulting in a consensus “Reduce” rating.
• The company reported quarterly EPS in line with estimates at $0.10 and declared a $0.21 quarterly dividend, equivalent to an annualized yield of about 8.2%; institutional investors own 47.59% of the stock.

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $11.01 and traded as low as $10.13. Silvercrest Asset Management Group shares last traded at $10.27, with a volume of 57,151 shares trading hands.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Zacks Research upgraded Silvercrest Asset Management Group from a "strong sell" rating to a "hold" rating in a research note 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 downgraded Silvercrest Asset Management Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce".

Silvercrest Asset Management Group Stock Down 1.8%

The business's 50-day moving average price is $10.11 and its 200 day moving average price is $11.01. The company has a market capitalization of $121.68 million, a P/E ratio of 93.37 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last posted its earnings results on Friday, July 31st. The asset manager reported $0.10 earnings per share for the quarter, hitting 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 business had revenue of $30.78 million for the quarter, compared to analyst estimates of $30.90 million. Analysts anticipate that Silvercrest Asset Management Group Inc. will post 0.47 EPS for the current fiscal year.

Silvercrest Asset Management Group Dividend Announcement

The company also recently declared 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 8.2%. The ex-dividend date was Friday, September 11th. Silvercrest Asset Management Group's payout ratio is 763.64%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Silvercrest Asset Management Group during the second quarter valued at $3,655,000. Punch & Associates Investment Management Inc. purchased a new position in Silvercrest Asset Management Group during the first quarter worth about $3,293,000. Renaissance Technologies LLC grew its position in Silvercrest Asset Management Group by 3.0% during the first quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager's stock worth $2,174,000 after buying an additional 4,700 shares in the last quarter. North Star Investment Management Corp. bought a new position in Silvercrest Asset Management Group in the 1st quarter worth about $1,478,000. Finally, Hsbc Holdings PLC increased its stake in Silvercrest Asset Management Group by 4.0% in the 4th quarter. Hsbc Holdings PLC now owns 68,026 shares of the asset manager's stock worth $1,046,000 after acquiring an additional 2,629 shares during the last quarter. Institutional investors own 47.59% of the company's stock.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group, Inc is a wealth management and investment advisory firm serving high-net-worth individuals, families, family offices, foundations, endowments and other institutional clients. The company provides customized portfolio management and broader wealth planning services designed to address clients' investment, tax, estate and philanthropic objectives.

Silvercrest offers investment strategies across publicly traded equities, fixed income and alternative investments.

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