Silvercrest Asset Management Group (NASDAQ:SAMG) Shares Pass Above 200-Day Moving Average – Should You Sell?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.03 and traded as high as $18.45. Silvercrest Asset Management Group shares last traded at $17.85, with a volume of 35,040 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

Silvercrest Asset Management Group Trading Down 2.2 %

The business’s 50 day simple moving average is $18.19 and its 200 day simple moving average is $17.03. The firm has a market capitalization of $247.49 million, a PE ratio of 22.31 and a beta of 0.82.

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Friday, December 13th. Silvercrest Asset Management Group’s payout ratio is 100.00%.

Hedge Funds Weigh In On Silvercrest Asset Management Group

Large investors have recently modified their holdings of the stock. Long Path Partners LP lifted its position in Silvercrest Asset Management Group by 23.8% in the second quarter. Long Path Partners LP now owns 940,798 shares of the asset manager’s stock worth $14,667,000 after buying an additional 180,627 shares during the last quarter. Royce & Associates LP raised its stake in shares of Silvercrest Asset Management Group by 6.6% in the third quarter. Royce & Associates LP now owns 586,300 shares of the asset manager’s stock valued at $10,108,000 after acquiring an additional 36,063 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Silvercrest Asset Management Group by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager’s stock worth $3,852,000 after acquiring an additional 10,477 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Silvercrest Asset Management Group by 11.5% during the 2nd quarter. Renaissance Technologies LLC now owns 173,037 shares of the asset manager’s stock worth $2,698,000 after purchasing an additional 17,800 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Silvercrest Asset Management Group by 17.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 47,454 shares of the asset manager’s stock valued at $740,000 after purchasing an additional 6,910 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, 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.