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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $15.21 and traded as high as $15.50. Silvercrest Asset Management Group shares last traded at $15.17, with a volume of 35,839 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Zacks Research upgraded shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Silvercrest Asset Management Group presently has a consensus rating of “Hold”.

Silvercrest Asset Management Group Price Performance

The company has a market capitalization of $185.68 million, a PE ratio of 21.37 and a beta of 0.70. The stock’s 50 day simple moving average is $15.21 and its 200-day simple moving average is $15.16.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 13th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Friday, March 13th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is currently 118.31%.

Insider Activity at Silvercrest Asset Management Group

In related news, Director John Allen Gray acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average price of $13.66 per share, with a total value of $204,900.00. Following the completion of the transaction, the director owned 36,110 shares of the company’s stock, valued at $493,262.60. The trade was a 71.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 21,785 shares of company stock valued at $298,762 in the last three months. Insiders own 20.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SAMG. Russell Investments Group Ltd. grew its stake in Silvercrest Asset Management Group by 64.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,030 shares of the asset manager’s stock worth $31,000 after purchasing an additional 798 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Silvercrest Asset Management Group by 5.3% during the third quarter. Ritholtz Wealth Management now owns 19,144 shares of the asset manager’s stock worth $302,000 after buying an additional 963 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of Silvercrest Asset Management Group by 5.6% during the fourth quarter. Clearstead Advisors LLC now owns 23,991 shares of the asset manager’s stock worth $364,000 after buying an additional 1,279 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Silvercrest Asset Management Group by 9.3% during the third quarter. JPMorgan Chase & Co. now owns 15,524 shares of the asset manager’s stock worth $245,000 after buying an additional 1,315 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Silvercrest Asset Management Group by 28.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,729 shares of the asset manager’s stock valued at $117,000 after acquiring an additional 1,702 shares in the last quarter. 47.59% of the stock is currently owned by hedge funds and other institutional investors.

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.