Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Up 35.2% in May

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 92,200 shares, an increase of 35.2% from the April 30th total of 68,200 shares. Based on an average daily trading volume, of 55,700 shares, the short-interest ratio is currently 1.7 days. Currently, 1.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Silvercrest Asset Management Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 12th.

Silvercrest Asset Management Group Stock Performance

Shares of NASDAQ SAMG traded up $0.12 during trading hours on Thursday, reaching $14.79. 25,013 shares of the stock were exchanged, compared to its average volume of 35,804. The firm has a market capitalization of $198.33 million, a price-to-earnings ratio of 18.49 and a beta of 0.84. Silvercrest Asset Management Group has a 52 week low of $13.54 and a 52 week high of $19.20. The stock's fifty day simple moving average is $15.04 and its 200 day simple moving average is $16.94.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last announced its earnings results on Thursday, May 8th. The asset manager reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). The firm had revenue of $31.39 million for the quarter, compared to the consensus estimate of $33.21 million. Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%.

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 5.41%. Silvercrest Asset Management Group's dividend payout ratio (DPR) is presently 84.21%.

Hedge Funds Weigh In On Silvercrest Asset Management Group

A number of hedge funds have recently added to or reduced their stakes in SAMG. Wells Fargo & Company MN increased its stake in Silvercrest Asset Management Group by 28.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,604 shares of the asset manager's stock worth $103,000 after acquiring an additional 1,236 shares during the period. Jane Street Group LLC bought a new position in Silvercrest Asset Management Group during the 1st quarter worth $242,000. R Squared Ltd increased its stake in Silvercrest Asset Management Group by 126.9% during the 1st quarter. R Squared Ltd now owns 15,111 shares of the asset manager's stock worth $247,000 after acquiring an additional 8,451 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Silvercrest Asset Management Group by 7.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,641 shares of the asset manager's stock worth $289,000 after acquiring an additional 1,211 shares during the period. Finally, Nuveen LLC bought a new position in Silvercrest Asset Management Group during the 1st quarter worth $331,000. Institutional investors own 47.59% of the company's stock.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc, a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors.