Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Passes Below Two Hundred Day Moving Average of $16.17

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.17 and traded as low as $14.75. Silvercrest Asset Management Group shares last traded at $15.00, with a volume of 79,319 shares trading hands.

Analyst Upgrades and Downgrades

SAMG has been the subject of several analyst reports. Singular Research reissued a “buy” rating on shares of Silvercrest Asset Management Group in a research note on Monday, March 18th. StockNews.com upgraded shares of Silvercrest Asset Management Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 16th.

Silvercrest Asset Management Group Stock Down 0.4 %

The company’s fifty day moving average is $15.26 and its two-hundred day moving average is $16.17. The stock has a market cap of $208.65 million, a price-to-earnings ratio of 15.79 and a beta of 0.86.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings data on Thursday, March 7th. The asset manager reported $0.07 earnings per share for the quarter. Silvercrest Asset Management Group had a net margin of 7.52% and a return on equity of 12.87%. The company had revenue of $28.54 million for the quarter. Sell-side analysts predict that Silvercrest Asset Management Group Inc. will post 1.54 EPS for the current fiscal year.

Silvercrest Asset Management Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 14th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.76 dividend on an annualized basis and a yield of 5.07%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 80.00%.

Insider Activity at Silvercrest Asset Management Group

In other news, major shareholder Path Smaller Companies Fu Long acquired 5,112 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average cost of $15.05 per share, for a total transaction of $76,935.60. Following the transaction, the insider now directly owns 940,798 shares in the company, valued at approximately $14,159,009.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invenomic Capital Management LP raised its stake in shares of Silvercrest Asset Management Group by 23.4% during the 4th quarter. Invenomic Capital Management LP now owns 265,540 shares of the asset manager’s stock worth $4,514,000 after buying an additional 50,389 shares during the last quarter. Keeley Teton Advisors LLC raised its stake in shares of Silvercrest Asset Management Group by 12.3% during the 4th quarter. Keeley Teton Advisors LLC now owns 228,790 shares of the asset manager’s stock worth $3,889,000 after buying an additional 25,102 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of Silvercrest Asset Management Group by 3,574.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 135,023 shares of the asset manager’s stock worth $2,143,000 after buying an additional 131,348 shares during the last quarter. Ancora Advisors LLC raised its stake in shares of Silvercrest Asset Management Group by 5.7% during the 3rd quarter. Ancora Advisors LLC now owns 129,473 shares of the asset manager’s stock worth $2,055,000 after buying an additional 6,949 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Silvercrest Asset Management Group by 21.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 102,296 shares of the asset manager’s stock worth $1,623,000 after buying an additional 18,146 shares during the last quarter. Institutional investors and hedge funds 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.