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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.88 and traded as low as $14.93. Silvercrest Asset Management Group shares last traded at $15.06, with a volume of 28,778 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of 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 Price Performance

The firm has a market capitalization of $202.76 million, a price-to-earnings ratio of 18.90 and a beta of 0.78. The business's 50 day moving average price is $14.98 and its 200-day moving average price is $16.88.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last released 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). The business had revenue of $31.39 million for the quarter, compared to analyst estimates of $33.21 million. Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%.

Silvercrest Asset Management Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 13th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Friday, June 13th. Silvercrest Asset Management Group's dividend payout ratio is presently 84.21%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN grew its stake in shares of 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 purchasing an additional 1,236 shares during the period. Jane Street Group LLC purchased a new stake in Silvercrest Asset Management Group during the first quarter worth about $242,000. R Squared Ltd grew 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 worth $247,000 after buying an additional 8,451 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Silvercrest Asset Management Group by 12.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,430 shares of the asset manager's stock worth $302,000 after buying an additional 1,781 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in 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 buying an additional 8,313 shares in 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.