Silvercrest Asset Management Group (NASDAQ:SAMG) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report)'s share price 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.

Wall Street Analyst Weigh In

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

Silvercrest Asset Management Group Stock Up 0.3%

The firm has a market cap of $220.86 million, a PE ratio of 17.35 and a beta of 0.79. The firm's fifty day simple moving average is $15.25 and its two-hundred day simple moving average is $16.43.

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 for the quarter, missing the consensus estimate of $0.36 by ($0.09). Silvercrest Asset Management Group had a net margin of 7.22% and a return on equity of 12.39%. The firm had revenue of $31.39 million for the quarter, compared to analysts' expectations of $33.21 million.

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Friday, June 13th. Silvercrest Asset Management Group's dividend payout ratio (DPR) is currently 84.21%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its holdings 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 valued at $103,000 after buying an additional 1,236 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Silvercrest Asset Management Group in the first quarter valued at $242,000. R Squared Ltd grew its holdings in shares of Silvercrest Asset Management Group by 126.9% in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Silvercrest Asset Management Group by 12.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,430 shares of the asset manager's stock valued at $302,000 after purchasing an additional 1,781 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Silvercrest Asset Management Group by 72.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,856 shares of the asset manager's stock valued at $365,000 after purchasing an additional 8,313 shares in the last quarter. 47.59% of the stock is owned by hedge funds and other institutional investors.

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.