Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) 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.

Analyst Upgrades and Downgrades

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

Silvercrest Asset Management Group Stock Down 1.9%

The firm’s fifty day moving average price is $11.03 and its 200 day moving average price is $13.26. The stock has a market cap of $117.89 million, a PE ratio of 33.17 and a beta of 0.66.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted 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 company had revenue of $31.41 million for the quarter, compared to analysts’ expectations of $31.85 million. Silvercrest Asset Management Group had a net margin of 2.12% and a return on equity of 10.51%. As a group, analysts anticipate that Silvercrest Asset Management Group Inc. will post 0.53 earnings per share for the current fiscal year.

Silvercrest Asset Management Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 12th were given 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 8.4%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 280.00%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Several large investors have recently made changes to their positions in SAMG. Punch & Associates Investment Management Inc. purchased a new position in Silvercrest Asset Management Group in the first quarter worth about $3,293,000. Rothschild Wealth LLC bought a new position in Silvercrest Asset Management Group in the 4th quarter valued at $1,950,000. North Star Investment Management Corp. purchased a new position in Silvercrest Asset Management Group in the 1st quarter worth about $1,478,000. Marshall Wace LLP bought a new stake in Silvercrest Asset Management Group during the 2nd quarter valued at about $1,014,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Silvercrest Asset Management Group during the 2nd quarter valued at about $316,000. 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.