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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.57 and traded as low as $16.31. Silvercrest Asset Management Group shares last traded at $16.55, with a volume of 36,224 shares trading hands.

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 note on Monday, May 12th.

Silvercrest Asset Management Group Trading Down 0.2%

The firm's 50-day moving average price is $15.10 and its 200 day moving average price is $16.53. The company has a market cap of $221.53 million, a price-to-earnings ratio of 16.04 and a beta of 0.79.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The asset manager reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). Silvercrest Asset Management Group had a return on equity of 12.39% and a net margin of 7.22%. The company had revenue of $31.39 million during the quarter, compared to analyst estimates of $33.21 million.

Silvercrest Asset Management Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 13th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Friday, June 13th. Silvercrest Asset Management Group's payout ratio is 84.21%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Silvercrest Asset Management Group by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 208,760 shares of the asset manager's stock valued at $3,839,000 after buying an additional 2,175 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in Silvercrest Asset Management Group by 1.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 127,009 shares of the asset manager's stock valued at $2,078,000 after acquiring an additional 1,314 shares in the last quarter. Northern Trust Corp boosted its stake in Silvercrest Asset Management Group by 5.1% during the 4th quarter. Northern Trust Corp now owns 77,304 shares of the asset manager's stock valued at $1,422,000 after purchasing an additional 3,751 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in Silvercrest Asset Management Group during the 4th quarter worth approximately $1,197,000. Finally, JPMorgan Chase & Co. increased its holdings in Silvercrest Asset Management Group by 72.7% during the 4th quarter. JPMorgan Chase & Co. now owns 35,583 shares of the asset manager's stock worth $654,000 after purchasing an additional 14,978 shares in the last quarter. Institutional investors own 47.59% of the company's stock.

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.