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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 lowered 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 Stock Performance

The stock has a market capitalization of $197.26 million, a PE ratio of 18.39 and a beta of 0.78. The firm's 50 day moving average is $14.96 and its two-hundred day moving average is $16.83.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The asset manager reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). The company had revenue of $31.39 million for the quarter, compared to analysts' expectations 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 business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 13th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date is Friday, June 13th. Silvercrest Asset Management Group's dividend payout ratio is currently 84.21%.

Institutional Trading of Silvercrest Asset Management Group

A number of large investors have recently made changes to their positions in the company. 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 worth $103,000 after acquiring an additional 1,236 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Silvercrest Asset Management Group during the first quarter worth $242,000. R Squared Ltd increased its holdings in 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 buying an additional 8,451 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in 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 buying an additional 1,781 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Silvercrest Asset Management Group by 72.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 19,856 shares of the asset manager's stock worth $365,000 after buying an additional 8,313 shares during the last quarter. 47.59% of the stock is currently 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.