Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.73 and traded as low as $14.44. Silvercrest Asset Management Group shares last traded at $14.65, with a volume of 38,714 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Silvercrest Asset Management Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 12th.
Check Out Our Latest Stock Report on SAMG
Silvercrest Asset Management Group Trading Up 1.4%
The business's fifty day moving average price is $14.91 and its 200 day moving average price is $16.68. The firm has a market capitalization of $199.27 million, a price-to-earnings ratio of 15.64 and a beta of 0.78.
Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last announced its earnings results on Thursday, May 8th. The asset manager reported $0.27 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $31.39 million during the quarter, compared to analysts' expectations of $33.21 million.
Silvercrest Asset Management Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 13th were given a dividend of $0.20 per share. The ex-dividend date was Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 5.38%. Silvercrest Asset Management Group's payout ratio is 84.21%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of SAMG. Wells Fargo & Company MN lifted its holdings in shares of Silvercrest Asset Management Group by 28.3% during the fourth 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 position in Silvercrest Asset Management Group during the 1st quarter worth $242,000. R Squared Ltd raised its position 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 worth $247,000 after buying an additional 8,451 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 worth $289,000 after acquiring an additional 1,211 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Silvercrest Asset Management Group in the first quarter valued at about $331,000. 47.59% of the stock is currently owned by hedge funds and other institutional investors.
Silvercrest Asset Management Group Company Profile
(
Get Free Report)
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.
Further Reading
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