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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.46 and traded as low as $16.01. Silvercrest Asset Management Group shares last traded at $16.52, with a volume of 17,323 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of 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 Up 0.4%

The stock's 50 day moving average is $15.25 and its two-hundred day moving average is $16.44. The company has a market capitalization of $220.19 million, a PE ratio of 17.28 and a beta of 0.79.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last issued its earnings results on Thursday, May 8th. The asset manager reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $31.39 million for the quarter, compared to the consensus estimate of $33.21 million.

Silvercrest Asset Management Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 13th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.87%. The ex-dividend date was Friday, June 13th. Silvercrest Asset Management Group's payout ratio is 84.21%.

Institutional Trading of Silvercrest Asset Management Group

Several hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of Silvercrest Asset Management Group during the first quarter valued at about $242,000. Martingale Asset Management L P lifted its position in shares of Silvercrest Asset Management Group by 11.1% during the first quarter. Martingale Asset Management L P now owns 27,954 shares of the asset manager's stock valued at $457,000 after buying an additional 2,800 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Silvercrest Asset Management Group by 10.3% during the first quarter. Hsbc Holdings PLC now owns 22,351 shares of the asset manager's stock valued at $368,000 after buying an additional 2,092 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Silvercrest Asset Management Group during the first quarter valued at about $331,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Silvercrest Asset Management Group by 7.4% in the 1st 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. 47.59% of the stock is owned by hedge funds and other institutional investors.

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.