Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.13 and traded as low as $11.03. Silvercrest Asset Management Group shares last traded at $11.10, with a volume of 35,313 shares.

Analysts Set New Price Targets

A number of research firms recently issued reports on SAMG. Zacks Research lowered Silvercrest Asset Management Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings lowered Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen cut Silvercrest Asset Management Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Silvercrest Asset Management Group Stock Down 0.4%

The firm’s 50 day simple moving average is $12.73 and its 200 day simple moving average is $14.09. The company has a market cap of $132.01 million, a price-to-earnings ratio of 37.13 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings data 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. Analysts anticipate that Silvercrest Asset Management Group Inc. will post 0.53 EPS for the current fiscal year.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 12th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Friday, June 12th. Silvercrest Asset Management Group’s payout ratio is 280.00%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

A number of hedge funds and other institutional investors have recently modified their holdings of SAMG. Punch & Associates Investment Management Inc. bought a new position in Silvercrest Asset Management Group in the 1st quarter valued at about $3,293,000. Boston Partners boosted its holdings in shares of Silvercrest Asset Management Group by 9.3% in the fourth quarter. Boston Partners now owns 232,310 shares of the asset manager’s stock valued at $3,529,000 after acquiring an additional 19,753 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Silvercrest Asset Management Group by 9.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 189,085 shares of the asset manager’s stock valued at $2,872,000 after acquiring an additional 17,051 shares during the period. Renaissance Technologies LLC increased its stake in shares of Silvercrest Asset Management Group by 3.0% during the first 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 period. Finally, Rothschild Wealth LLC bought a new stake in Silvercrest Asset Management Group during the fourth quarter worth approximately $1,950,000. 47.59% of the stock is currently owned by institutional investors.

Silvercrest Asset Management Group Company Profile

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.