Silvercrest Asset Management Group (NASDAQ:SAMG) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMGGet Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.28 and traded as low as $10.10. Silvercrest Asset Management Group shares last traded at $10.14, with a volume of 38,525 shares trading hands.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on Silvercrest Asset Management Group

Silvercrest Asset Management Group Price Performance

The stock has a market capitalization of $120.16 million, a price-to-earnings ratio of 33.80 and a beta of 0.66. The business has a fifty day moving average of $11.09 and a 200 day moving average of $13.28.

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

Silvercrest Asset Management Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 12th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, June 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.3%. Silvercrest Asset Management Group’s dividend payout ratio is currently 280.00%.

Institutional Trading of Silvercrest Asset Management Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in 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 valued at $31,000 after buying an additional 798 shares during the period. Wells Fargo & Company MN boosted its stake in Silvercrest Asset Management Group by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,729 shares of the asset manager’s stock worth $117,000 after buying an additional 1,702 shares during the period. BNP Paribas Financial Markets boosted its stake in Silvercrest Asset Management Group by 1,200.0% during the second quarter. BNP Paribas Financial Markets now owns 9,373 shares of the asset manager’s stock worth $149,000 after buying an additional 8,652 shares during the period. Engineers Gate Manager LP purchased a new position in Silvercrest Asset Management Group during the second quarter worth about $167,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Silvercrest Asset Management Group during the first quarter valued at about $192,000. 47.59% of the stock is owned by institutional investors and hedge funds.

Silvercrest Asset Management Group Company Profile

(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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