Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Update

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

Institutional Investors Weigh In On Silvercrest Asset Management Group

A number of institutional investors and hedge funds have recently modified their holdings of SAMG. Wells Fargo & Company MN raised its position 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 buying an additional 1,236 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Silvercrest Asset Management Group during the first quarter worth $242,000. R Squared Ltd lifted its position in Silvercrest Asset Management Group by 126.9% during the first quarter. R Squared Ltd now owns 15,111 shares of the asset manager's stock valued at $247,000 after purchasing an additional 8,451 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Silvercrest Asset Management Group by 7.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,641 shares of the asset manager's stock valued at $289,000 after purchasing an additional 1,211 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Silvercrest Asset Management Group in the first quarter valued at $331,000. Institutional investors and hedge funds own 47.59% of the company's stock.

Silvercrest Asset Management Group Stock Up 1.4%

Shares of SAMG traded up $0.21 during mid-day trading on Friday, hitting $15.00. 38,831 shares of the company traded hands, compared to its average volume of 47,582. The company has a market capitalization of $201.15 million, a PE ratio of 18.75 and a beta of 0.84. The business has a 50 day moving average of $15.04 and a 200 day moving average of $16.94. Silvercrest Asset Management Group has a 1-year low of $13.54 and a 1-year high of $19.20.

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

Silvercrest Asset Management Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 13th will be paid a $0.20 dividend. 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 5.33%. Silvercrest Asset Management Group's dividend payout ratio (DPR) is 84.21%.

Analyst Ratings Changes

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

About Silvercrest Asset Management Group

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.