Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Update

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was the recipient of a significant increase in short interest during the month of 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 trading volume, of 17,976 shares, the days-to-cover ratio is currently 6.1 days. Currently, 1.1% of the shares of the company are short sold. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 17,976 shares, the days-to-cover ratio is currently 6.1 days.

Analysts Set New Price Targets

Several analysts have commented on the company. 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 downgraded Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Silvercrest Asset Management Group Stock Performance

SAMG stock opened at $13.04 on Thursday. Silvercrest Asset Management Group has a one year low of $13.02 and a one year high of $16.99. The stock has a market capitalization of $159.61 million, a PE ratio of 24.60 and a beta of 0.71. The company has a fifty day moving average of $15.06 and a 200-day moving average of $14.98.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its earnings results on Monday, March 16th. The asset manager reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). The firm had revenue of $31.96 million during 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 11.99%.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 13th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Friday, March 13th. Silvercrest Asset Management Group’s payout ratio is currently 158.49%.

Hedge Funds Weigh In On Silvercrest Asset Management Group

A number of large investors have recently modified their holdings of SAMG. Russell Investments Group Ltd. lifted its holdings 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 valued at $31,000 after buying an additional 798 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new position in Silvercrest Asset Management Group during the second quarter worth $34,000. Wells Fargo & Company MN raised its position in 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 worth $117,000 after acquiring an additional 1,702 shares in the last quarter. BNP Paribas Financial Markets raised its position in 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 in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Silvercrest Asset Management Group in the second quarter valued at $167,000. 47.59% of the stock is owned by hedge funds and other institutional investors.

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.