Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.26 and traded as low as $9.77. Silvercrest Asset Management Group shares last traded at $10.03, with a volume of 47,607 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings lowered Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 20th. Zacks Research raised Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen raised Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Silvercrest Asset Management Group currently has a consensus rating of “Reduce”.

Silvercrest Asset Management Group Trading Up 1.4%

The stock has a market cap of $119.92 million, a price-to-earnings ratio of 92.01 and a beta of 0.65. The stock’s 50 day moving average is $10.26 and its two-hundred day moving average is $12.22.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Friday, July 31st. The asset manager reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Silvercrest Asset Management Group had a return on equity of 8.71% and a net margin of 0.72%.The firm had revenue of $30.78 million for the quarter, compared to analysts’ expectations of $30.90 million. On average, sell-side analysts predict that Silvercrest Asset Management Group Inc. will post 0.47 EPS for the current year.

Silvercrest Asset Management Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 11th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.3%. Silvercrest Asset Management Group’s payout ratio is presently 763.64%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Several hedge funds have recently modified their holdings of SAMG. Ancora Advisors LLC acquired a new position in Silvercrest Asset Management Group in the 2nd quarter valued at $28,000. Russell Investments Group Ltd. boosted its position in shares of Silvercrest Asset Management Group by 64.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,030 shares of the asset manager’s stock worth $31,000 after buying an additional 798 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Silvercrest Asset Management Group by 28.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,729 shares of the asset manager’s stock valued at $117,000 after purchasing an additional 1,702 shares during the last quarter. BNP Paribas Financial Markets increased its position in Silvercrest Asset Management Group by 1,200.0% during the second quarter. BNP Paribas Financial Markets now owns 9,373 shares of the asset manager’s stock worth $149,000 after buying an additional 8,652 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Silvercrest Asset Management Group in the 2nd quarter valued at about $167,000. 47.59% of the stock is owned by institutional investors and hedge funds.

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.