Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Price Breaks Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Silvercrest shares fell below their 200-day moving average, trading as low as $10.12 versus the $11.14 average, and last changing hands at $10.27.
• Analyst sentiment remains cautious: ratings include one Hold and one Sell, producing a consensus “Reduce” rating, while the company reported quarterly EPS in line with estimates but slightly missed revenue expectations.
• The company declared a quarterly dividend of $0.21, equivalent to an annualized $0.84 and an 8.2% yield; however, its payout ratio is an unusually high 763.64%.

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $11.14 and traded as low as $10.12. Silvercrest Asset Management Group shares last traded at $10.27, with a volume of 59,089 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SAMG shares. Zacks Research raised shares of Silvercrest Asset Management Group from a "strong sell" rating to a "hold" rating in a research 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 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 research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce".

Silvercrest Asset Management Group Stock Performance

The stock has a market cap of $121.70 million, a PE ratio of 93.37 and a beta of 0.64. The stock's 50-day moving average is $10.07 and its two-hundred day moving average is $11.14.

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, meeting the consensus estimate 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 the consensus estimate of $30.90 million. Analysts forecast that Silvercrest Asset Management Group Inc. will post 0.47 EPS for the current year.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 11th were issued a $0.21 dividend. The ex-dividend date was Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.2%. Silvercrest Asset Management Group's payout ratio is 763.64%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC purchased a new stake in shares of Silvercrest Asset Management Group during the second quarter worth approximately $28,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Silvercrest Asset Management Group in the second quarter valued at $3,655,000. Punch & Associates Investment Management Inc. acquired a new position in Silvercrest Asset Management Group in the 1st quarter valued at about $3,293,000. Renaissance Technologies LLC increased its holdings in shares of Silvercrest Asset Management Group by 3.0% in the first quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager's stock valued at $2,174,000 after purchasing an additional 4,700 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in 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 during the period. 47.59% of the stock is owned by institutional investors and hedge funds.

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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