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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

SAMG has been the topic of a number of research analyst reports. Wall Street Zen downgraded Silvercrest Asset Management Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings cut Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. Finally, Zacks Research downgraded Silvercrest Asset Management Group from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Silvercrest Asset Management Group has a consensus rating of “Sell”.

Silvercrest Asset Management Group Stock Performance

The company has a 50 day moving average of $11.34 and a 200-day moving average of $13.43. The stock has a market cap of $126.91 million, a price-to-earnings ratio of 35.70 and a beta of 0.66.

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

Silvercrest Asset Management Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 12th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Friday, June 12th. Silvercrest Asset Management Group’s dividend payout ratio is presently 280.00%.

Hedge Funds Weigh In On Silvercrest Asset Management Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAMG. North Star Investment Management Corp. purchased a new stake in shares of Silvercrest Asset Management Group during the first quarter worth $1,478,000. Rothschild Wealth LLC acquired a new stake in shares of Silvercrest Asset Management Group in the fourth quarter valued at $1,950,000. BNP Paribas Financial Markets boosted its holdings in Silvercrest Asset Management Group by 1,200.0% in the second quarter. BNP Paribas Financial Markets now owns 9,373 shares of the asset manager’s stock valued at $149,000 after purchasing an additional 8,652 shares during the period. Wells Fargo & Company MN boosted its holdings in Silvercrest Asset Management Group by 28.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,729 shares of the asset manager’s stock valued at $117,000 after purchasing an additional 1,702 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Silvercrest Asset Management Group by 64.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,030 shares of the asset manager’s stock worth $31,000 after purchasing an additional 798 shares in the last quarter. Hedge funds and other institutional investors own 47.59% of the company’s stock.

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.