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

Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.13 and traded as low as $11.03. Silvercrest Asset Management Group shares last traded at $11.10, with a volume of 35,313 shares traded.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings downgraded shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. Zacks Research downgraded shares of Silvercrest Asset Management Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Wall Street Zen downgraded shares of Silvercrest Asset Management Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Silvercrest Asset Management Group Stock Performance

The firm has a 50 day simple moving average of $12.81 and a two-hundred day simple moving average of $14.13. The firm has a market capitalization of $131.54 million, a P/E ratio of 37.00 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings data on Monday, May 11th. The asset manager reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). The company had revenue of $31.41 million for the quarter, compared to the consensus estimate of $31.85 million. Silvercrest Asset Management Group had a net margin of 2.12% and a return on equity of 10.51%. Sell-side analysts anticipate that Silvercrest Asset Management Group Inc. will post 0.53 earnings per share for the current year.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, June 12th. Silvercrest Asset Management Group’s payout ratio is presently 280.00%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

A number of hedge funds have recently made changes to their positions in the business. Teton Advisors LLC purchased a new stake in Silvercrest Asset Management Group in the 3rd quarter worth about $866,000. Russell Investments Group Ltd. grew its holdings 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 valued at $31,000 after buying an additional 798 shares in the last quarter. Cetera Investment Advisers purchased a new position in Silvercrest Asset Management Group during the 1st quarter valued at about $192,000. Arrowstreet Capital Limited Partnership grew its holdings in Silvercrest Asset Management Group by 12.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 29,572 shares of the asset manager’s stock valued at $397,000 after buying an additional 3,191 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. purchased a new position in Silvercrest Asset Management Group during the 1st quarter valued at about $3,293,000. 47.59% of the stock is currently owned by 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.