Silvercrest Asset Management Group (NASDAQ:SAMG) Upgraded at Wall Street Zen

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

Other equities analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. Zacks Research upgraded Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Silvercrest Asset Management Group presently has a consensus rating of “Reduce”.

Silvercrest Asset Management Group Stock Performance

Shares of SAMG opened at $10.47 on Friday. The firm has a market cap of $124.07 million, a PE ratio of 95.19 and a beta of 0.65. Silvercrest Asset Management Group has a 52-week low of $9.57 and a 52-week high of $16.99. The business’s 50 day moving average price is $10.60 and its two-hundred day moving average price is $12.84.

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 net margin of 0.72% and a return on equity of 8.49%. The company had revenue of $30.78 million during the quarter, compared to analyst estimates of $30.90 million. Research analysts predict that Silvercrest Asset Management Group will post 0.53 EPS for the current fiscal year.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 11th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Friday, September 11th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 763.64%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Punch & Associates Investment Management Inc. purchased a new stake in shares of Silvercrest Asset Management Group in the first quarter worth approximately $3,293,000. North Star Investment Management Corp. purchased a new position in shares of Silvercrest Asset Management Group during the first quarter valued at approximately $1,478,000. Rothschild Wealth LLC bought a new stake in Silvercrest Asset Management Group during the fourth quarter worth $1,950,000. Renaissance Technologies LLC grew its holdings in Silvercrest Asset Management Group by 3.0% during the first quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager’s stock worth $2,174,000 after buying an additional 4,700 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Silvercrest Asset Management Group by 12.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 29,572 shares of the asset manager’s stock valued at $397,000 after buying an additional 3,191 shares during the last quarter. 47.59% of the stock is owned by 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.