Short Interest in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Decreases By 25.3%

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was the target of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 28,400 shares, a decrease of 25.3% from the November 15th total of 38,000 shares. Based on an average daily trading volume, of 21,500 shares, the short-interest ratio is currently 1.3 days. Approximately 0.3% of the company’s shares are sold short.

Silvercrest Asset Management Group Price Performance

Shares of Silvercrest Asset Management Group stock traded down $0.42 during midday trading on Friday, hitting $18.41. The company had a trading volume of 14,684 shares, compared to its average volume of 26,019. The business’s 50 day simple moving average is $17.69 and its two-hundred day simple moving average is $16.52. Silvercrest Asset Management Group has a 1-year low of $13.93 and a 1-year high of $19.12. The stock has a market cap of $255.16 million, a PE ratio of 23.79 and a beta of 0.83.

Silvercrest Asset Management Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, December 13th. Silvercrest Asset Management Group’s dividend payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th.

Institutional Trading of Silvercrest Asset Management Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC bought a new position in shares of Silvercrest Asset Management Group during the 2nd quarter worth approximately $270,000. Vanguard Group Inc. grew its stake in shares of Silvercrest Asset Management Group by 0.9% in the first quarter. Vanguard Group Inc. now owns 522,136 shares of the asset manager’s stock valued at $8,255,000 after acquiring an additional 4,756 shares in the last quarter. Royce & Associates LP raised its stake in Silvercrest Asset Management Group by 6.6% in the 3rd quarter. Royce & Associates LP now owns 586,300 shares of the asset manager’s stock worth $10,108,000 after purchasing an additional 36,063 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Silvercrest Asset Management Group by 30.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager’s stock valued at $253,000 after purchasing an additional 3,446 shares during the period. Finally, Long Path Partners LP raised its stake in Silvercrest Asset Management Group by 23.8% in the second quarter. Long Path Partners LP now owns 940,798 shares of the asset manager’s stock valued at $14,667,000 after purchasing an additional 180,627 shares in the last quarter. Institutional investors own 47.59% of the company’s stock.

About Silvercrest Asset Management Group

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.