Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Up 21.4% in January

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 94,907 shares, an increase of 21.4% from the December 31st total of 78,161 shares. Based on an average daily volume of 32,117 shares, the short-interest ratio is currently 3.0 days. Approximately 1.0% of the shares of the company are short sold. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 32,117 shares, the short-interest ratio is currently 3.0 days.

Silvercrest Asset Management Group Trading Down 2.3%

SAMG stock traded down $0.34 during mid-day trading on Tuesday, reaching $14.48. 24,803 shares of the stock traded hands, compared to its average volume of 33,364. The stock’s fifty day moving average is $15.08 and its 200-day moving average is $15.31. The company has a market cap of $177.24 million, a P/E ratio of 20.39 and a beta of 0.70. Silvercrest Asset Management Group has a 52-week low of $13.23 and a 52-week high of $19.03.

Analysts Set New Price Targets

SAMG has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Insider Activity at Silvercrest Asset Management Group

In other Silvercrest Asset Management Group news, Director John Allen Gray purchased 5,500 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were bought at an average price of $13.83 per share, with a total value of $76,065.00. Following the completion of the acquisition, the director owned 41,610 shares in the company, valued at approximately $575,466.30. This represents a 15.23% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 21,785 shares of company stock valued at $298,762 in the last quarter. 20.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Boston Partners grew its holdings in shares of Silvercrest Asset Management Group by 5.7% during the 3rd quarter. Boston Partners now owns 212,557 shares of the asset manager’s stock valued at $3,348,000 after acquiring an additional 11,457 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of Silvercrest Asset Management Group by 629.9% in the 2nd quarter. Gabelli Funds LLC now owns 184,887 shares of the asset manager’s stock valued at $2,932,000 after buying an additional 159,555 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Silvercrest Asset Management Group by 191.9% in the second quarter. Hsbc Holdings PLC now owns 65,249 shares of the asset manager’s stock worth $1,045,000 after buying an additional 42,898 shares during the last quarter. Marshall Wace LLP bought a new stake in Silvercrest Asset Management Group in the second quarter worth approximately $1,014,000. Finally, Teton Advisors LLC acquired a new position in shares of Silvercrest Asset Management Group during the 3rd quarter worth $866,000. 47.59% of the stock is owned by hedge funds and other 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.