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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMGGet Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.48 and traded as low as $10.45. Silvercrest Asset Management Group shares last traded at $10.49, with a volume of 65,888 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. Zacks Research downgraded shares of Silvercrest Asset Management Group from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Finally, Wall Street Zen cut shares of Silvercrest Asset Management Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Silvercrest Asset Management Group currently has a consensus rating of “Sell”.

Get Our Latest Report on Silvercrest Asset Management Group

Silvercrest Asset Management Group Price Performance

The firm’s 50-day simple moving average is $11.45 and its two-hundred day simple moving average is $13.48. The company has a market capitalization of $124.31 million, a price-to-earnings ratio of 34.97 and a beta of 0.66.

Silvercrest Asset Management Group (NASDAQ:SAMGGet Free Report) last issued its earnings results on Monday, May 11th. The asset manager reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). Silvercrest Asset Management Group had a net margin of 2.12% and a return on equity of 10.51%. The company had revenue of $31.41 million during the quarter, compared to analysts’ expectations of $31.85 million. On average, analysts expect that Silvercrest Asset Management Group Inc. will post 0.53 EPS for the current fiscal year.

Silvercrest Asset Management Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 12th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend was Friday, June 12th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 280.00%.

Institutional Trading of Silvercrest Asset Management Group

Institutional investors have recently bought and sold shares of the company. North Star Investment Management Corp. acquired a new stake in Silvercrest Asset Management Group in the first quarter valued at $1,478,000. Rothschild Wealth LLC acquired a new position in shares of Silvercrest Asset Management Group during the 4th quarter worth $1,950,000. Russell Investments Group Ltd. boosted its position in shares of Silvercrest Asset Management Group by 64.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,030 shares of the asset manager’s stock worth $31,000 after buying an additional 798 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Silvercrest Asset Management Group in the 1st quarter worth about $192,000. Finally, Renaissance Technologies LLC grew its stake in Silvercrest Asset Management Group by 3.0% in the 1st quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager’s stock valued at $2,174,000 after acquiring an additional 4,700 shares during the last quarter. 47.59% of the stock is currently owned by hedge funds and other institutional investors.

About Silvercrest Asset Management Group

(Get Free Report)

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.

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