Silvercrest Asset Management Group (NASDAQ:SAMG) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.68 and traded as low as $9.63. Silvercrest Asset Management Group shares last traded at $9.70, with a volume of 120,157 shares trading hands.

Analyst Upgrades and Downgrades

SAMG has been the subject of a number of analyst reports. Weiss Ratings cut Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 20th. Wall Street Zen upgraded Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Zacks Research raised Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research note 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, the company presently has a consensus rating of “Reduce”.

Silvercrest Asset Management Group Stock Performance

The firm has a market cap of $112.49 million, a P/E ratio of 86.01 and a beta of 0.64. The stock’s 50-day moving average is $10.08 and its 200 day moving average is $11.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings data on Friday, July 31st. The asset manager reported $0.10 earnings per share 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 business had revenue of $30.78 million for the quarter, compared to analysts’ expectations of $30.90 million. On average, research analysts anticipate that Silvercrest Asset Management Group Inc. will post 0.47 EPS for the current year.

Silvercrest Asset Management Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 11th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.84 annualized dividend and a dividend yield of 8.8%. Silvercrest Asset Management Group’s dividend payout ratio is currently 763.64%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Institutional investors have recently added to or reduced their stakes in the stock. Ancora Advisors LLC acquired a new stake in shares of Silvercrest Asset Management Group during the 2nd quarter worth about $28,000. Cetera Investment Advisers acquired a new stake in Silvercrest Asset Management Group during the first quarter worth approximately $192,000. Clearstead Advisors LLC boosted its holdings in shares of Silvercrest Asset Management Group by 5.6% during the fourth quarter. Clearstead Advisors LLC now owns 23,991 shares of the asset manager’s stock worth $364,000 after acquiring an additional 1,279 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Silvercrest Asset Management Group by 12.1% during 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, Hsbc Holdings PLC increased its stake in shares of Silvercrest Asset Management Group by 4.0% during the fourth quarter. Hsbc Holdings PLC now owns 68,026 shares of the asset manager’s stock worth $1,046,000 after purchasing an additional 2,629 shares during the period. 47.59% of the stock is owned by institutional investors.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc (NASDAQ:SAMG) is an investment management and wealth advisory firm serving high-net-worth individuals, families, family offices, trusts, foundations and institutions. The company provides customized investment solutions designed to address clients’ long-term financial objectives and wealth management needs.

Its services include discretionary portfolio management, financial planning, family office support and advice on asset allocation and alternative investments.