Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Update

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 78,161 shares, a drop of 25.8% from the December 15th total of 105,308 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 49,901 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 49,901 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.8% of the company’s shares are short sold.

Insider Buying and Selling at Silvercrest Asset Management Group

In other news, Director John Allen Gray acquired 15,000 shares of Silvercrest Asset Management Group stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average cost of $13.66 per share, with a total value of $204,900.00. Following the purchase, the director directly owned 36,110 shares of the company’s stock, valued at approximately $493,262.60. This trade represents a 71.06% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders bought 21,785 shares of company stock valued at $298,762. Insiders own 20.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey purchased a new stake in Silvercrest Asset Management Group during the 2nd quarter worth approximately $34,000. BNP Paribas Financial Markets increased its position in shares of Silvercrest Asset Management Group by 1,200.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,373 shares of the asset manager’s stock worth $149,000 after purchasing an additional 8,652 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Silvercrest Asset Management Group in the 2nd quarter valued at about $167,000. Jane Street Group LLC bought a new position in shares of Silvercrest Asset Management Group during the first quarter worth about $242,000. Finally, JPMorgan Chase & Co. grew its stake in Silvercrest Asset Management Group by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 15,524 shares of the asset manager’s stock worth $245,000 after purchasing an additional 1,315 shares in the last quarter. Hedge funds and other institutional investors own 47.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on SAMG shares. Weiss Ratings restated a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a report on Wednesday, October 8th. Zacks Research raised shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Silvercrest Asset Management Group Stock Up 1.3%

Shares of NASDAQ:SAMG opened at $15.54 on Friday. Silvercrest Asset Management Group has a 52-week low of $13.23 and a 52-week high of $19.03. The company has a 50 day moving average of $14.72 and a two-hundred day moving average of $15.42. The company has a market capitalization of $190.21 million, a price-to-earnings ratio of 21.89 and a beta of 0.68.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings results on Friday, October 31st. The asset manager reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10). Silvercrest Asset Management Group had a net margin of 5.28% and a return on equity of 11.56%. The firm had revenue of $31.30 million for the quarter, compared to analyst estimates of $32.12 million.

Silvercrest Asset Management Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 12th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, December 12th. This represents a $0.84 annualized dividend and a dividend yield of 5.4%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is currently 118.31%.

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.