Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.91 and traded as low as $9.97. Silvercrest Asset Management Group shares last traded at $10.03, with a volume of 71,513 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wall Street Zen raised Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research upgraded shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings downgraded shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Silvercrest Asset Management Group Price Performance

The firm has a market cap of $118.50 million, a P/E ratio of 90.92 and a beta of 0.64. The stock’s 50-day simple moving average is $10.16 and its two-hundred day simple moving average is $11.84.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results on Friday, July 31st. The asset manager reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Silvercrest Asset Management Group had a net margin of 0.72% and a return on equity of 8.71%. The firm had revenue of $30.78 million during the quarter, compared to analyst estimates of $30.90 million. As a group, sell-side analysts expect that Silvercrest Asset Management Group Inc. will post 0.47 earnings per share for the current year.

Silvercrest Asset Management Group Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.84 annualized dividend and a yield of 8.4%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 763.64%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Silvercrest Asset Management Group in the second quarter worth approximately $3,655,000. Punch & Associates Investment Management Inc. purchased a new position in Silvercrest Asset Management Group during the 1st quarter valued at $3,293,000. North Star Investment Management Corp. purchased a new position in Silvercrest Asset Management Group during the 1st quarter valued at $1,478,000. Rothschild Wealth LLC bought a new position in Silvercrest Asset Management Group in the 4th quarter valued at $1,950,000. Finally, Renaissance Technologies LLC grew its position in Silvercrest Asset Management Group by 3.0% in the 1st quarter. Renaissance Technologies LLC now owns 161,737 shares of the asset manager’s stock valued at $2,174,000 after acquiring an additional 4,700 shares during the last quarter. 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.