Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $11.01 and traded as low as $10.13. Silvercrest Asset Management Group shares last traded at $10.27, with a volume of 57,151 shares.

Analyst Ratings Changes

Several research firms have commented on SAMG. 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. Wall Street Zen upgraded shares of Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, 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. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Silvercrest Asset Management Group has an average rating of “Reduce”.

Silvercrest Asset Management Group Stock Up 3.0%

The business’s 50-day moving average is $10.13 and its 200-day moving average is $10.97. The company has a market capitalization of $125.97 million, a price-to-earnings ratio of 17.49 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its quarterly earnings results on Friday, July 31st. The asset manager reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $30.78 million during the quarter, compared to analyst estimates of $30.90 million. Silvercrest Asset Management Group had a return on equity of 8.71% and a net margin of 0.72%. As a group, analysts expect that Silvercrest Asset Management Group Inc. will post 0.47 EPS for the current year.

Silvercrest Asset Management Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 11th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Friday, September 11th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 763.64%.

Institutional Trading of Silvercrest Asset Management Group

Hedge funds have recently modified their holdings of the business. Ancora Advisors LLC acquired a new position in Silvercrest Asset Management Group in the 2nd quarter valued at about $28,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Silvercrest Asset Management Group in the second quarter valued at approximately $3,655,000. Punch & Associates Investment Management Inc. acquired a new stake in Silvercrest Asset Management Group in the 1st quarter valued at approximately $3,293,000. Renaissance Technologies LLC lifted its holdings in shares of Silvercrest Asset Management Group by 3.0% in the first quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager’s stock valued at $2,174,000 after buying an additional 4,700 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Silvercrest Asset Management Group by 12.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 29,572 shares of the asset manager’s stock worth $397,000 after buying an additional 3,191 shares during the period. 47.59% of the stock is owned by institutional investors and hedge funds.

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.