Silvercrest Asset Management Group (NASDAQ:SAMG) Shares Cross Below 200-Day Moving Average – Time to Sell?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.22 and traded as low as $14.66. Silvercrest Asset Management Group shares last traded at $15.02, with a volume of 28,012 shares.

Analyst Ratings Changes

SAMG has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a report on Thursday, January 22nd. Zacks Research upgraded shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Silvercrest Asset Management Group has an average rating of “Hold”.

Silvercrest Asset Management Group Trading Up 1.3%

The company has a market capitalization of $183.84 million, a price-to-earnings ratio of 21.16 and a beta of 0.70. The firm’s 50-day moving average price is $15.21 and its 200 day moving average price is $15.22.

Silvercrest Asset Management Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 13th will be given a $0.21 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.84 annualized dividend and a yield of 5.6%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is currently 118.31%.

Insider Activity at Silvercrest Asset Management Group

In other news, Director John Allen Gray acquired 5,500 shares of the stock in a transaction dated Friday, November 28th. The stock was bought at an average price of $13.83 per share, with a total value of $76,065.00. Following the completion of the purchase, the director directly owned 41,610 shares of the company’s stock, valued at $575,466.30. This represents a 15.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 21,785 shares of company stock worth $298,762 over the last quarter. Company insiders own 20.40% of the company’s stock.

Institutional Trading of Silvercrest Asset Management Group

Several institutional investors have recently modified their holdings of the business. Marshall Wace LLP raised its position in Silvercrest Asset Management Group by 18.5% during the 4th quarter. Marshall Wace LLP now owns 40,852 shares of the asset manager’s stock worth $621,000 after purchasing an additional 6,366 shares during the last quarter. Boston Partners lifted its stake in shares of Silvercrest Asset Management Group by 9.3% in the fourth quarter. Boston Partners now owns 232,310 shares of the asset manager’s stock worth $3,529,000 after acquiring an additional 19,753 shares during the period. Wells Fargo & Company MN boosted its holdings 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 valued at $117,000 after acquiring an additional 1,702 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Silvercrest Asset Management Group by 24.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 99,056 shares of the asset manager’s stock valued at $1,505,000 after purchasing an additional 19,186 shares during the period. Finally, Clearstead Advisors LLC raised its holdings in Silvercrest Asset Management Group by 5.6% during the 4th quarter. Clearstead Advisors LLC now owns 23,991 shares of the asset manager’s stock worth $364,000 after purchasing an additional 1,279 shares during the last quarter. Institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Company Profile

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.