Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Up 21.4% in January

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 94,907 shares, an increase of 21.4% from the December 31st total of 78,161 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 32,117 shares, the short-interest ratio is currently 3.0 days. Based on an average trading volume of 32,117 shares, the short-interest ratio is currently 3.0 days. Currently, 1.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SAMG. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a report on Thursday, January 22nd. Zacks Research raised shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Insider Transactions at Silvercrest Asset Management Group

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

Hedge Funds Weigh In On Silvercrest Asset Management Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gabelli Funds LLC raised its stake in shares of Silvercrest Asset Management Group by 629.9% in the second quarter. Gabelli Funds LLC now owns 184,887 shares of the asset manager’s stock worth $2,932,000 after acquiring an additional 159,555 shares during the last quarter. Marshall Wace LLP bought a new position in Silvercrest Asset Management Group in the second quarter valued at about $1,014,000. Teton Advisors LLC bought a new stake in Silvercrest Asset Management Group during the 3rd quarter worth about $866,000. Hsbc Holdings PLC boosted its stake in shares of Silvercrest Asset Management Group by 191.9% in the 2nd quarter. Hsbc Holdings PLC now owns 65,249 shares of the asset manager’s stock valued at $1,045,000 after purchasing an additional 42,898 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Silvercrest Asset Management Group during the second quarter worth approximately $316,000. Institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Stock Down 2.3%

SAMG traded down $0.34 during trading on Tuesday, reaching $14.48. 24,803 shares of the company’s stock were exchanged, compared to its average volume of 33,364. Silvercrest Asset Management Group has a fifty-two week low of $13.23 and a fifty-two week high of $19.03. The company has a market capitalization of $177.24 million, a P/E ratio of 20.39 and a beta of 0.70. The business has a 50 day moving average price of $15.08 and a 200 day moving average price of $15.31.

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.