Silvercrest Asset Management Group Inc. (SAMG) Sees Unusually-High Trading Volume
Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) saw an uptick in trading volume on Monday . 79,942 shares changed hands during trading, an increase of 40% from the previous session’s volume of 57,125 shares.The stock last traded at $11.94 and had previously closed at $12.02.
A number of research firms have recently commented on SAMG. TheStreet lowered shares of Silvercrest Asset Management Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 1st. Sandler O’Neill boosted their price target on shares of Silvercrest Asset Management Group from $14.00 to $15.00 in a research report on Tuesday, April 12th. Finally, Zacks Investment Research upgraded shares of Silvercrest Asset Management Group from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, March 18th.
The stock has a 50 day moving average price of $12.17 and a 200-day moving average price of $11.87. The company has a market capitalization of $95.84 million and a P/E ratio of 18.09.
Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. On average, analysts predict that Silvercrest Asset Management Group Inc. will post $0.70 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 10th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.48 dividend on an annualized basis and a yield of 4.02%.
An institutional investor recently raised its position in Silvercrest Asset Management Group stock. Boston Partners increased its position in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 180.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 329,476 shares of the company’s stock after buying an additional 211,856 shares during the period. Boston Partners owned approximately 4.16% of Silvercrest Asset Management Group worth $3,917,000 at the end of the most recent reporting period.
Silvercrest Asset Management Group Inc (Silvercrest) is a full-service wealth management firm focused on providing financial advisory and related family office services to ultra-high net worth individuals and institutional investors. The Company offers a suite of family office services for families seeking oversight of financial affairs.