Silvercrest Asset Management Group (NASDAQ:SAMG) Shares Cross Above 50-Day Moving Average – Should You Sell?

Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $14.93 and traded as high as $15.61. Silvercrest Asset Management Group shares last traded at $15.52, with a volume of 28,920 shares changing hands.

Wall Street Analysts Forecast Growth

SAMG has been the topic of a number of recent analyst reports. Zacks Research raised Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a research note on Thursday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Silvercrest Asset Management Group Price Performance

The business’s 50-day moving average is $14.93 and its 200 day moving average is $15.37. The firm has a market capitalization of $189.96 million, a P/E ratio of 21.86 and a beta of 0.68.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its earnings results on Friday, October 31st. The asset manager reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10). Silvercrest Asset Management Group had a return on equity of 11.56% and a net margin of 5.28%.The business had revenue of $31.30 million for the quarter, compared to analyst estimates of $32.12 million.

Silvercrest Asset Management Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 12th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Friday, December 12th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 118.31%.

Insiders Place Their Bets

In related news, Director John Allen Gray bought 15,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was purchased at an average cost of $13.66 per share, for a total transaction of $204,900.00. Following the transaction, the director owned 36,110 shares in the company, valued at $493,262.60. The trade was a 71.06% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders acquired 21,785 shares of company stock valued at $298,762. 20.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SAMG. Boston Partners lifted its position in Silvercrest Asset Management Group by 5.7% during the third quarter. Boston Partners now owns 212,557 shares of the asset manager’s stock worth $3,348,000 after purchasing an additional 11,457 shares during the period. Gabelli Funds LLC increased its holdings in Silvercrest Asset Management Group by 629.9% in the 2nd quarter. Gabelli Funds LLC now owns 184,887 shares of the asset manager’s stock valued at $2,932,000 after buying an additional 159,555 shares during the period. Hsbc Holdings PLC raised its position in shares of Silvercrest Asset Management Group by 191.9% in the 2nd quarter. Hsbc Holdings PLC now owns 65,249 shares of the asset manager’s stock valued at $1,045,000 after buying an additional 42,898 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Silvercrest Asset Management Group during the 2nd quarter worth approximately $1,014,000. Finally, Teton Advisors LLC acquired a new stake in shares of Silvercrest Asset Management Group during the 3rd quarter worth approximately $866,000. Institutional investors own 47.59% of the company’s stock.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.