Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Sees Significant Growth in Short Interest

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 109,528 shares, a growth of 14.4% from the February 12th total of 95,777 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 17,976 shares, the short-interest ratio is currently 6.1 days. Based on an average daily trading volume, of 17,976 shares, the short-interest ratio is currently 6.1 days. Currently, 1.1% of the shares of the company are sold short.

Silvercrest Asset Management Group Stock Performance

Shares of Silvercrest Asset Management Group stock opened at $14.14 on Tuesday. The firm has a 50-day simple moving average of $15.15 and a two-hundred day simple moving average of $15.01. Silvercrest Asset Management Group has a fifty-two week low of $13.23 and a fifty-two week high of $16.99. The company has a market cap of $173.07 million, a P/E ratio of 19.92 and a beta of 0.71.

Silvercrest Asset Management Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 13th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.84 dividend on an annualized basis and a yield of 5.9%. Silvercrest Asset Management Group’s dividend payout ratio is presently 118.31%.

Institutional Trading of Silvercrest Asset Management Group

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its position in shares of Silvercrest Asset Management Group by 64.8% in the fourth 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. Ritholtz Wealth Management lifted its position in shares of Silvercrest Asset Management Group by 5.3% during the 3rd quarter. Ritholtz Wealth Management now owns 19,144 shares of the asset manager’s stock valued at $302,000 after buying an additional 963 shares in the last quarter. Clearstead Advisors LLC grew its stake in Silvercrest Asset Management Group by 5.6% in the 4th quarter. Clearstead Advisors LLC now owns 23,991 shares of the asset manager’s stock valued at $364,000 after acquiring an additional 1,279 shares during the period. JPMorgan Chase & Co. increased its holdings in Silvercrest Asset Management Group by 9.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,524 shares of the asset manager’s stock worth $245,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Silvercrest Asset Management Group by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 7,729 shares of the asset manager’s stock worth $117,000 after acquiring an additional 1,702 shares in the last quarter. 47.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on SAMG shares. Zacks Research raised Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

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.