Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Down 21.3% in November
Silvercrest Asset Management Group Inc. (NASDAQ:SAMG – Get Free Report) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 38,100 shares, a decline of 21.3% from the November 15th total of 48,400 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 27,700 shares, the short-interest ratio is presently 1.4 days.
Silvercrest Asset Management Group Stock Up 3.1 %
Shares of NASDAQ:SAMG opened at $16.39 on Friday. The firm’s 50 day moving average price is $16.46 and its 200-day moving average price is $18.40. Silvercrest Asset Management Group has a twelve month low of $14.94 and a twelve month high of $23.20. The stock has a market capitalization of $227.66 million, a PE ratio of 13.43 and a beta of 0.82.
Silvercrest Asset Management Group (NASDAQ:SAMG – Get Free Report) last issued its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.02). Silvercrest Asset Management Group had a return on equity of 13.91% and a net margin of 9.85%. The business had revenue of $29.70 million during the quarter. Analysts expect that Silvercrest Asset Management Group will post 1.4 earnings per share for the current fiscal year.
Silvercrest Asset Management Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, December 7th. Silvercrest Asset Management Group’s dividend payout ratio is 62.30%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on SAMG shares. TheStreet cut shares of Silvercrest Asset Management Group from a “b” rating to a “c+” rating in a research note on Tuesday, September 26th. StockNews.com upgraded shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 30th.
Check Out Our Latest Stock Report on SAMG
Institutional Investors Weigh In On Silvercrest Asset Management Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in Silvercrest Asset Management Group by 125.9% in the 3rd quarter. Citigroup Inc. now owns 27,942 shares of the asset manager’s stock worth $443,000 after acquiring an additional 15,571 shares in the last quarter. Royal Bank of Canada increased its holdings in Silvercrest Asset Management Group by 13.5% in the 3rd quarter. Royal Bank of Canada now owns 32,451 shares of the asset manager’s stock worth $515,000 after acquiring an additional 3,853 shares in the last quarter. Ancora Advisors LLC grew its holdings in Silvercrest Asset Management Group by 5.7% during the 3rd quarter. Ancora Advisors LLC now owns 129,473 shares of the asset manager’s stock valued at $2,055,000 after buying an additional 6,949 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in Silvercrest Asset Management Group by 3,574.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 135,023 shares of the asset manager’s stock valued at $2,143,000 after buying an additional 131,348 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Silvercrest Asset Management Group by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 26,554 shares of the asset manager’s stock valued at $421,000 after buying an additional 1,527 shares in the last quarter. 48.20% of the stock is owned by hedge funds and other institutional investors.
About Silvercrest Asset Management Group (Get Free Report)
Silvercrest Asset Management Group Inc, a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors.
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