Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Down 24.1% in September

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 40,900 shares, a decrease of 24.1% from the September 15th total of 53,900 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 25,900 shares, the short-interest ratio is presently 1.6 days.

Silvercrest Asset Management Group Price Performance

Shares of SAMG traded up $0.38 during mid-day trading on Friday, reaching $17.22. The stock had a trading volume of 12,330 shares, compared to its average volume of 24,217. The business’s fifty day moving average is $16.09 and its 200 day moving average is $15.67. Silvercrest Asset Management Group has a 52-week low of $13.93 and a 52-week high of $18.13. The firm has a market cap of $240.91 million, a price-to-earnings ratio of 19.13 and a beta of 0.83.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings data on Thursday, August 1st. The asset manager reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). Silvercrest Asset Management Group had a net margin of 7.09% and a return on equity of 12.46%. The business had revenue of $30.99 million during the quarter, compared to analyst estimates of $30.68 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. As a group, sell-side analysts anticipate that Silvercrest Asset Management Group will post 1.54 EPS for the current fiscal year.

Silvercrest Asset Management Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 13th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.65%. This is a boost from Silvercrest Asset Management Group’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, September 13th. Silvercrest Asset Management Group’s dividend payout ratio is 88.89%.

Hedge Funds Weigh In On Silvercrest Asset Management Group

Several institutional investors have recently bought and sold shares of SAMG. Virtu Financial LLC acquired a new position in shares of Silvercrest Asset Management Group in the fourth quarter valued at approximately $185,000. Quadrature Capital Ltd purchased a new position in shares of Silvercrest Asset Management Group in the 4th quarter valued at about $529,000. BNP Paribas Financial Markets boosted its stake in shares of Silvercrest Asset Management Group by 8.9% in the 1st quarter. BNP Paribas Financial Markets now owns 8,450 shares of the asset manager’s stock valued at $134,000 after buying an additional 692 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Silvercrest Asset Management Group by 6.2% in the 1st quarter. Russell Investments Group Ltd. now owns 49,502 shares of the asset manager’s stock valued at $783,000 after buying an additional 2,905 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Silvercrest Asset Management Group by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 522,136 shares of the asset manager’s stock valued at $8,255,000 after buying an additional 4,756 shares during the period. 47.59% of the stock is owned by institutional investors and hedge funds.

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.