Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Silvercrest Asset Management Group (NASDAQ:SAMG) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday.

Silvercrest Asset Management Group Price Performance

SAMG stock opened at $18.10 on Tuesday. The business’s 50-day moving average is $17.04 and its two-hundred day moving average is $16.10. The firm has a market capitalization of $250.87 million, a P/E ratio of 22.63 and a beta of 0.83. Silvercrest Asset Management Group has a 1 year low of $13.93 and a 1 year high of $18.77.

Silvercrest Asset Management Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Friday, December 13th. Silvercrest Asset Management Group’s dividend payout ratio is presently 100.00%.

Hedge Funds Weigh In On Silvercrest Asset Management Group

Institutional investors and hedge funds have recently modified their holdings of the company. Long Path Partners LP raised its stake 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 valued at $14,667,000 after buying an additional 180,627 shares in the last quarter. HM Payson & Co. raised its position in shares of Silvercrest Asset Management Group by 1,784.6% during the 1st quarter. HM Payson & Co. now owns 46,888 shares of the asset manager’s stock worth $741,000 after acquiring an additional 44,400 shares in the last quarter. Royce & Associates LP lifted its stake in Silvercrest Asset Management Group by 6.6% during the third quarter. Royce & Associates LP now owns 586,300 shares of the asset manager’s stock worth $10,108,000 after purchasing an additional 36,063 shares during the last quarter. Koss Olinger Consulting LLC acquired a new position in Silvercrest Asset Management Group in the second quarter valued at approximately $457,000. Finally, Diamond Hill Capital Management Inc. increased its stake in Silvercrest Asset Management Group by 29.7% in the second quarter. Diamond Hill Capital Management Inc. now owns 123,722 shares of the asset manager’s stock valued at $1,929,000 after purchasing an additional 28,298 shares during the last quarter. Institutional investors and hedge funds 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.