Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Breaks Below 200 Day Moving Average – Time to Sell?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)’s stock price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $11.14 and traded as low as $10.12. Silvercrest Asset Management Group shares last traded at $10.27, with a volume of 59,089 shares changing hands.

Analyst Ratings Changes

SAMG has been the subject of several recent research reports. Weiss Ratings downgraded shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, August 20th. Zacks Research upgraded shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen upgraded Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Silvercrest Asset Management Group Price Performance

The company has a market cap of $120.99 million, a price-to-earnings ratio of 92.83 and a beta of 0.64. The company’s 50-day simple moving average is $10.08 and its 200-day simple moving average is $11.12.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings data on Friday, July 31st. The asset manager reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Silvercrest Asset Management Group had a net margin of 0.72% and a return on equity of 8.71%. The firm had revenue of $30.78 million for the quarter, compared to analyst estimates of $30.90 million. Equities analysts predict that Silvercrest Asset Management Group Inc. will post 0.47 EPS for the current fiscal year.

Silvercrest Asset Management Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 11th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.84 annualized dividend and a dividend yield of 8.2%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 763.64%.

Hedge Funds Weigh In On Silvercrest Asset Management Group

Large investors have recently added to or reduced their stakes in the company. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Silvercrest Asset Management Group in the second quarter worth about $3,655,000. Punch & Associates Investment Management Inc. bought a new position in Silvercrest Asset Management Group in the 1st quarter worth about $3,293,000. Renaissance Technologies LLC grew its position in Silvercrest Asset Management Group by 3.0% in the 1st quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager’s stock worth $2,174,000 after purchasing an additional 4,700 shares during the last quarter. Rothschild Wealth LLC acquired a new stake in shares of Silvercrest Asset Management Group in the fourth quarter valued at approximately $1,950,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of Silvercrest Asset Management Group in the first quarter valued at approximately $1,478,000. 47.59% of the stock is currently owned by institutional investors.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group, Inc is a wealth management and investment advisory firm serving high-net-worth individuals, families, family offices, foundations, endowments and other institutional clients. The company provides customized portfolio management and broader wealth planning services designed to address clients’ investment, tax, estate and philanthropic objectives.

Silvercrest offers investment strategies across publicly traded equities, fixed income and alternative investments.