Silvercrest Asset Management Group (NASDAQ:SAMG) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Silvercrest Asset Management Group (NASDAQ:SAMG) from a hold rating to a sell rating in a research note released on Saturday.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings raised shares of Silvercrest Asset Management Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Zacks Research lowered shares of Silvercrest Asset Management Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Silvercrest Asset Management Group Stock Performance

Shares of NASDAQ SAMG opened at $12.00 on Friday. The firm has a market cap of $141.48 million, a PE ratio of 40.00 and a beta of 0.69. The firm has a fifty day moving average of $13.50 and a 200 day moving average of $14.35. Silvercrest Asset Management Group has a one year low of $11.80 and a one year high of $16.99.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Monday, May 11th. The asset manager reported $0.12 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.09). The company had revenue of $31.41 million during the quarter, compared to analysts’ expectations of $31.85 million. Silvercrest Asset Management Group had a return on equity of 10.51% and a net margin of 2.12%. On average, equities analysts predict that Silvercrest Asset Management Group will post 1.53 EPS for the current fiscal year.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.0%. Silvercrest Asset Management Group’s dividend payout ratio is presently 280.00%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

A number of large investors have recently modified their holdings of the business. Punch & Associates Investment Management Inc. acquired a new position in shares of Silvercrest Asset Management Group during the 1st quarter valued at about $3,293,000. Renaissance Technologies LLC grew its holdings in shares of 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 valued at $2,174,000 after purchasing an additional 4,700 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 valued at $397,000 after purchasing an additional 3,191 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Silvercrest Asset Management Group in the first quarter valued at about $192,000. Finally, North Star Investment Management Corp. purchased a new stake in shares of Silvercrest Asset Management Group in the first quarter valued at about $1,478,000. Hedge funds and other institutional investors 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.