Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.81 and traded as low as $10.13. Silvercrest Asset Management Group shares last traded at $10.27, with a volume of 62,520 shares trading hands.

Wall Street Analysts Forecast Growth

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

Silvercrest Asset Management Group Stock Performance

The company has a 50-day moving average of $11.94 and a 200 day moving average of $13.76. The firm has a market cap of $137.58 million, a P/E ratio of 38.70 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its quarterly earnings results on Monday, May 11th. The asset manager reported $0.12 earnings per share 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 the consensus estimate of $31.85 million. Sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 12th were given a $0.21 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.84 dividend on an annualized basis and a yield of 7.2%. Silvercrest Asset Management Group’s payout ratio is 280.00%.

Institutional Trading of Silvercrest Asset Management Group

Several large investors have recently added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. bought a new position in shares of Silvercrest Asset Management Group in the first quarter valued at approximately $3,293,000. Rothschild Wealth LLC bought a new stake in Silvercrest Asset Management Group during the 4th quarter worth approximately $1,950,000. North Star Investment Management Corp. bought a new stake in Silvercrest Asset Management Group during the 1st quarter worth approximately $1,478,000. Marshall Wace LLP acquired a new stake in Silvercrest Asset Management Group during the 2nd quarter valued at $1,014,000. Finally, Teton Advisors LLC acquired a new stake in Silvercrest Asset Management Group during the 3rd quarter valued at $866,000. 47.59% of the stock is owned by institutional investors.

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.