Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $11.29 and traded as low as $10.30. Silvercrest Asset Management Group shares last traded at $10.54, with a volume of 127,852 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SAMG. Zacks Research raised shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings lowered Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, August 20th. Finally, Wall Street Zen raised Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Silvercrest Asset Management Group presently has a consensus rating of “Reduce”.

Silvercrest Asset Management Group Stock Up 0.5%

The firm has a 50 day moving average price of $10.07 and a 200 day moving average price of $11.29. The stock has a market cap of $124.90 million, a PE ratio of 95.83 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings data on Friday, July 31st. The asset manager reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. Silvercrest Asset Management Group had a net margin of 0.72% and a return on equity of 8.71%. The company had revenue of $30.78 million during the quarter, compared to analyst estimates of $30.90 million. Equities analysts forecast that Silvercrest Asset Management Group Inc. will post 0.47 earnings per share for the current year.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 11th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend was Friday, September 11th. Silvercrest Asset Management Group’s dividend payout ratio is presently 763.64%.

Hedge Funds Weigh In On Silvercrest Asset Management Group

Several institutional investors have recently bought and sold shares of SAMG. Ancora Advisors LLC acquired a new stake in shares of Silvercrest Asset Management Group in the 2nd quarter worth $28,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Silvercrest Asset Management Group during the 2nd quarter valued at about $3,655,000. Punch & Associates Investment Management Inc. acquired a new position in Silvercrest Asset Management Group during the 1st quarter valued at about $3,293,000. Renaissance Technologies LLC raised its stake in Silvercrest Asset Management Group by 3.0% in the first quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager’s stock valued at $2,174,000 after buying an additional 4,700 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Silvercrest Asset Management Group by 12.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 29,572 shares of the asset manager’s stock valued at $397,000 after acquiring an additional 3,191 shares in the last quarter. 47.59% of the stock is owned by hedge funds and other institutional investors.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc (NASDAQ:SAMG) is an investment management and wealth advisory firm serving high-net-worth individuals, families, family offices, trusts, foundations and institutions. The company provides customized investment solutions designed to address clients’ long-term financial objectives and wealth management needs.

Its services include discretionary portfolio management, financial planning, family office support and advice on asset allocation and alternative investments.