Short Interest in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Rises By 14.4%

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 109,528 shares, an increase of 14.4% from the February 12th total of 95,777 shares. Based on an average daily volume of 17,976 shares, the short-interest ratio is presently 6.1 days. Currently, 1.1% of the shares of the stock are sold short. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 17,976 shares, the short-interest ratio is presently 6.1 days.

Silvercrest Asset Management Group Stock Up 0.3%

Shares of SAMG traded up $0.04 during mid-day trading on Wednesday, reaching $13.48. The company’s stock had a trading volume of 6,256 shares, compared to its average volume of 29,044. The company has a market cap of $164.98 million, a price-to-earnings ratio of 25.43 and a beta of 0.71. The business has a fifty day moving average of $15.11 and a 200 day moving average of $14.99. Silvercrest Asset Management Group has a 1 year low of $13.17 and a 1 year high of $16.99.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Monday, March 16th. The asset manager reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The business had revenue of $31.96 million for the quarter, compared to analysts’ expectations of $32.06 million. Silvercrest Asset Management Group had a net margin of 3.90% and a return on equity of 11.46%.

Silvercrest Asset Management Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 13th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, March 13th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is currently 158.49%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SAMG. Russell Investments Group Ltd. lifted its position in 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. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Silvercrest Asset Management Group during the 2nd quarter valued at $34,000. Wells Fargo & Company MN grew its holdings in shares of Silvercrest Asset Management Group by 28.2% during the 4th quarter. Wells Fargo & Company MN now owns 7,729 shares of the asset manager’s stock valued at $117,000 after acquiring an additional 1,702 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Silvercrest Asset Management Group by 1,200.0% in the second quarter. BNP Paribas Financial Markets now owns 9,373 shares of the asset manager’s stock worth $149,000 after acquiring an additional 8,652 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Silvercrest Asset Management Group in the second quarter worth $167,000. Institutional investors and hedge funds own 47.59% of the company’s stock.

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.