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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.65 and traded as low as $9.88. Silvercrest Asset Management Group shares last traded at $9.92, with a volume of 61,167 shares trading hands.

Wall Street Analysts Forecast Growth

SAMG has been the subject of a number of research analyst reports. Wall Street Zen raised Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research raised Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings upgraded Silvercrest Asset Management Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Silvercrest Asset Management Group has a consensus rating of “Hold”.

Silvercrest Asset Management Group Stock Performance

The firm has a market capitalization of $119.09 million, a P/E ratio of 91.37 and a beta of 0.65. The stock’s 50 day simple moving average is $10.45 and its 200 day simple moving average is $12.61.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted 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 the consensus estimate of $30.90 million. Silvercrest Asset Management Group had a net margin of 0.72% and a return on equity of 8.71%. On average, analysts anticipate that Silvercrest Asset Management Group Inc. will post 0.47 earnings per share for the current year.

Silvercrest Asset Management Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 8.4%. The ex-dividend date is Friday, September 11th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 763.64%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Several hedge funds have recently made changes to their positions in SAMG. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Silvercrest Asset Management Group during the 2nd quarter worth $3,655,000. Punch & Associates Investment Management Inc. bought a new stake in shares of Silvercrest Asset Management Group in the first quarter valued at about $3,293,000. Renaissance Technologies LLC lifted its stake in 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 worth $2,174,000 after acquiring an additional 4,700 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Silvercrest Asset Management Group by 12.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 29,572 shares of the asset manager’s stock worth $397,000 after acquiring an additional 3,191 shares during the period. Finally, Cetera Investment Advisers bought a new position in Silvercrest Asset Management Group during the 1st quarter worth about $192,000. 47.59% of the stock is currently 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.