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.
Check Out Our Latest Analysis on SAMG
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
(
Get Free Report)
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.
Read More
Before you consider Silvercrest Asset Management Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silvercrest Asset Management Group wasn't on the list.
While Silvercrest Asset Management Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.