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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)’s share price passed 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.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Silvercrest Asset Management Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 12th.

Silvercrest Asset Management Group Stock Up 0.4%

The firm has a market cap of $201.95 million, a PE ratio of 18.83 and a beta of 0.78. The business has a 50 day simple moving average of $14.98 and a two-hundred day simple moving average of $16.88.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its quarterly earnings results on Thursday, May 8th. The asset manager reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). The firm had revenue of $31.39 million during the quarter, compared to analysts’ expectations of $33.21 million. Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.40%.

Silvercrest Asset Management Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 5.31%. Silvercrest Asset Management Group’s dividend payout ratio is currently 84.21%.

Institutional Trading of Silvercrest Asset Management Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Silvercrest Asset Management Group by 12.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,430 shares of the asset manager’s stock worth $302,000 after acquiring an additional 1,781 shares in the last quarter. Cary Street Partners Financial LLC purchased a new position in Silvercrest Asset Management Group in the fourth quarter valued at about $1,197,000. Diamond Hill Capital Management Inc. raised its holdings in Silvercrest Asset Management Group by 1.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 125,695 shares of the asset manager’s stock worth $2,312,000 after purchasing an additional 1,781 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Silvercrest Asset Management Group by 28.3% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Silvercrest Asset Management Group by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 208,760 shares of the asset manager’s stock valued at $3,839,000 after buying an additional 2,175 shares during the last quarter. Institutional investors 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.