Silvercrest Asset Management Group's (SAMG) "Hold (C-)" Rating Reiterated at Weiss Ratings

Key Points

• Silvercrest Asset Management Group's stock received a "hold (c-)" rating from Weiss Ratings, indicating a neutral investment stance.
• The stock opened at $15.03 on Wednesday, with a market capitalization of $188.93 million and a PE ratio of 17.08.
• Institutional investors own 47.59% of Silvercrest Asset Management Group's stock, with several firms increasing their positions in the first quarter.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Silvercrest Asset Management Group Trading Up 0.5%

SAMG stock opened at $15.03 on Wednesday. The company has a market capitalization of $188.93 million, a PE ratio of 17.08 and a beta of 0.75. Silvercrest Asset Management Group has a 12-month low of $13.54 and a 12-month high of $19.20. The business's fifty day moving average price is $16.10 and its 200 day moving average price is $15.70.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Several institutional investors and hedge funds have recently modified their holdings of SAMG. Bank of New York Mellon Corp raised its holdings in shares of Silvercrest Asset Management Group by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 24,716 shares of the asset manager's stock valued at $404,000 after buying an additional 775 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in Silvercrest Asset Management Group by 1.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 127,009 shares of the asset manager's stock worth $2,078,000 after purchasing an additional 1,314 shares during the period. R Squared Ltd increased 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 worth $247,000 after purchasing an additional 8,451 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Silvercrest Asset Management Group by 7.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,641 shares of the asset manager's stock worth $289,000 after purchasing an additional 1,211 shares during the period. Finally, Nuveen LLC purchased a new stake in Silvercrest Asset Management Group during the 1st quarter worth about $331,000. Hedge funds and other institutional investors own 47.59% of the company's stock.

About Silvercrest Asset Management Group

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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