Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• SAMG shares fell below their 200-day moving average of $12.26, reaching as low as $9.77 and last trading at $10.03. The stock has a market capitalization of about $118.9 million and a 50-day moving average of $10.27.
• Analyst sentiment remains cautious: two firms moved their ratings to “hold,” while Weiss Ratings downgraded the stock to “sell.” MarketBeat reports a consensus rating of “Reduce.”
• Silvercrest declared a quarterly dividend of $0.21 per share, or $0.84 annualized, representing an 8.4% yield; however, its dividend payout ratio is an unusually high 763.64%.

Shares of 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 $12.26 and traded as low as $9.77. Silvercrest Asset Management Group shares last traded at $10.03, with a volume of 47,607 shares.

Analyst Upgrades and Downgrades

SAMG has been the subject of several recent research reports. 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 upgraded shares of Silvercrest Asset Management Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Weiss Ratings downgraded shares of Silvercrest Asset Management Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce".

Silvercrest Asset Management Group Price Performance

The business has a 50 day moving average of $10.27 and a 200 day moving average of $12.26. The firm has a market capitalization of $118.86 million, a price-to-earnings ratio of 91.19 and a beta of 0.65.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last issued its earnings results on Friday, July 31st. The asset manager reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. The firm had revenue of $30.78 million for 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%. As a group, equities analysts predict that Silvercrest Asset Management Group Inc. will post 0.47 EPS for the current year.

Silvercrest Asset Management Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 11th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.84 annualized dividend and a yield of 8.4%. Silvercrest Asset Management Group's dividend payout ratio (DPR) is presently 763.64%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new stake in Silvercrest Asset Management Group in the second quarter worth $28,000. Russell Investments Group Ltd. boosted its position in shares of Silvercrest Asset Management Group by 64.8% during the fourth quarter. Russell Investments Group Ltd. now owns 2,030 shares of the asset manager's stock worth $31,000 after purchasing an additional 798 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Silvercrest Asset Management Group by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 7,729 shares of the asset manager's stock valued at $117,000 after buying an additional 1,702 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Silvercrest Asset Management Group by 1,200.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,373 shares of the asset manager's stock valued at $149,000 after buying an additional 8,652 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of Silvercrest Asset Management Group in the 2nd quarter valued at $167,000. Institutional investors and hedge funds own 47.59% of the company's stock.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm's core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.

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