Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Update

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 56,800 shares, an increase of 57.8% from the December 15th total of 36,000 shares. Based on an average daily trading volume, of 23,200 shares, the short-interest ratio is currently 2.4 days. Currently, 0.6% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, StockNews.com raised Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its holdings in Silvercrest Asset Management Group by 15.7% during the second quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager’s stock valued at $237,000 after purchasing an additional 2,072 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Silvercrest Asset Management Group by 30.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager’s stock valued at $253,000 after buying an additional 3,446 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 acquiring an additional 6,910 shares during the period. Jane Street Group LLC increased its holdings in Silvercrest Asset Management Group by 55.6% in the 3rd quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock worth $345,000 after acquiring an additional 7,155 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Silvercrest Asset Management Group by 80.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager’s stock worth $355,000 after acquiring an additional 9,209 shares during the period. 47.59% of the stock is currently owned by institutional investors.

Silvercrest Asset Management Group Stock Performance

Shares of NASDAQ SAMG traded up $0.14 during midday trading on Friday, hitting $17.99. 15,299 shares of the company’s stock traded hands, compared to its average volume of 22,354. The firm has a fifty day moving average of $18.19 and a 200 day moving average of $17.05. Silvercrest Asset Management Group has a 1 year low of $13.93 and a 1 year high of $19.20. The stock has a market capitalization of $249.34 million, a price-to-earnings ratio of 22.49 and a beta of 0.82.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, December 13th. This represents a $0.80 dividend on an annualized basis and a yield of 4.45%. Silvercrest Asset Management Group’s dividend payout ratio is currently 100.00%.

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.