Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Silvercrest Asset Management Group's shares have fallen below their 200-day moving average of $15.63, trading as low as $14.22, which raises concerns about potential selling pressure.
• The company recently increased its quarterly dividend to $0.21, yielding 5.9%, indicating a positive commitment to shareholder returns despite a high payout ratio of 95.45%.
• Analysts currently rate Silvercrest's stock as a "hold," with a consensus rating reflecting cautious sentiment in light of recent trading performance and earnings results.

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.63 and traded as low as $14.22. Silvercrest Asset Management Group shares last traded at $14.22, with a volume of 27,469 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of Silvercrest Asset Management Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Silvercrest Asset Management Group Trading Down 4.6%

The firm has a market cap of $178.75 million, a PE ratio of 16.16 and a beta of 0.75. The company has a 50 day moving average price of $15.91 and a 200 day moving average price of $15.63.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The asset manager reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $30.67 million during the quarter, compared to analysts' expectations of $30.77 million. Silvercrest Asset Management Group had a return on equity of 12.03% and a net margin of 6.63%.

Silvercrest Asset Management Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 12th were given a $0.21 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.84 annualized dividend and a dividend yield of 5.9%. This is a boost from Silvercrest Asset Management Group's previous quarterly dividend of $0.20. Silvercrest Asset Management Group's payout ratio is presently 95.45%.

Hedge Funds Weigh In On Silvercrest Asset Management Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Silvercrest Asset Management Group in the second quarter valued at approximately $34,000. BNP Paribas Financial Markets raised its position in shares of Silvercrest Asset Management Group by 1,200.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,373 shares of the asset manager's stock worth $149,000 after purchasing an additional 8,652 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Silvercrest Asset Management Group in the 2nd quarter valued at approximately $167,000. Jane Street Group LLC acquired a new stake in Silvercrest Asset Management Group during the 1st quarter valued at $242,000. Finally, R Squared Ltd grew its holdings 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 valued at $247,000 after buying an additional 8,451 shares during the last quarter. Institutional investors and hedge funds own 47.59% of the company's stock.

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.

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