Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Up 14.4% in February

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 109,528 shares, a growth of 14.4% from the February 12th total of 95,777 shares. Based on an average daily trading volume, of 17,976 shares, the short-interest ratio is presently 6.1 days. Currently, 1.1% of the company’s stock are sold short. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 17,976 shares, the short-interest ratio is presently 6.1 days.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reissued 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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Silvercrest Asset Management Group presently has an average rating of “Hold”.

Silvercrest Asset Management Group Price Performance

Shares of SAMG stock opened at $14.14 on Tuesday. The business has a fifty day moving average of $15.15 and a 200 day moving average of $15.01. Silvercrest Asset Management Group has a 1 year low of $13.23 and a 1 year high of $16.99. The firm has a market capitalization of $173.07 million, a price-to-earnings ratio of 19.92 and a beta of 0.71.

Silvercrest Asset Management Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors 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 dividend on an annualized basis and a yield of 5.9%. Silvercrest Asset Management Group’s dividend payout ratio is currently 118.31%.

Hedge Funds Weigh In On Silvercrest Asset Management Group

A number of institutional investors have recently bought and sold shares of SAMG. Russell Investments Group Ltd. lifted its stake in Silvercrest Asset Management Group by 64.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,030 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 798 shares during the period. Ritholtz Wealth Management raised its holdings in shares of Silvercrest Asset Management Group by 5.3% during the third quarter. Ritholtz Wealth Management now owns 19,144 shares of the asset manager’s stock worth $302,000 after purchasing an additional 963 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of Silvercrest Asset Management Group by 5.6% during the fourth 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. JPMorgan Chase & Co. lifted its position in Silvercrest Asset Management Group by 9.3% during the third quarter. JPMorgan Chase & Co. now owns 15,524 shares of the asset manager’s stock valued at $245,000 after purchasing an additional 1,315 shares during the period. Finally, 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 purchasing an additional 1,702 shares during the last quarter. 47.59% of the stock is owned by hedge funds and other institutional investors.

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.