Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Update

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 39,100 shares, an increase of 29.5% from the February 28th total of 30,200 shares. Based on an average trading volume of 24,100 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.4% of the shares of the company are sold short.

Silvercrest Asset Management Group Stock Performance

Shares of SAMG stock traded up $0.18 on Tuesday, reaching $16.54. The stock had a trading volume of 41,350 shares, compared to its average volume of 27,516. Silvercrest Asset Management Group has a 1 year low of $13.93 and a 1 year high of $19.20. The stock has a market cap of $225.51 million, a P/E ratio of 20.68 and a beta of 0.84. The company has a 50 day simple moving average of $17.75 and a 200 day simple moving average of $17.70.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings results on Thursday, March 6th. The asset manager reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.13). The firm had revenue of $31.96 million for the quarter, compared to the consensus estimate of $31.97 million. Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.40%.

Silvercrest Asset Management Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 14th were given a $0.20 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 4.84%. Silvercrest Asset Management Group’s payout ratio is presently 79.21%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a report on Friday.

Institutional Investors Weigh In On Silvercrest Asset Management Group

A number of hedge funds have recently modified their holdings of SAMG. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Silvercrest Asset Management Group by 30.8% during the third 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. Martingale Asset Management L P lifted its position in shares of Silvercrest Asset Management Group by 111.2% during the 3rd quarter. Martingale Asset Management L P now owns 22,447 shares of the asset manager’s stock valued at $387,000 after buying an additional 11,818 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Silvercrest Asset Management Group by 55.6% during the 3rd quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock valued at $345,000 after acquiring an additional 7,155 shares during the period. Barclays PLC increased its holdings in Silvercrest Asset Management Group by 48.8% in the 3rd quarter. Barclays PLC now owns 30,814 shares of the asset manager’s stock worth $531,000 after acquiring an additional 10,110 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Silvercrest Asset Management Group by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager’s stock worth $3,852,000 after acquiring an additional 10,477 shares during the period. Institutional investors own 47.59% of the company’s stock.

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.