Short Interest in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Grows By 28.5%

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 54,100 shares, an increase of 28.5% from the June 30th total of 42,100 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 35,900 shares, the days-to-cover ratio is presently 1.5 days.

Silvercrest Asset Management Group Trading Down 3.6 %

Shares of SAMG opened at $16.63 on Tuesday. The firm has a fifty day moving average price of $15.68 and a 200-day moving average price of $15.73. The firm has a market capitalization of $231.32 million, a P/E ratio of 17.51 and a beta of 0.85. Silvercrest Asset Management Group has a 12-month low of $13.93 and a 12-month high of $21.72.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings data on Thursday, May 2nd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). The company had revenue of $30.27 million during the quarter, compared to analysts’ expectations of $30.11 million. Silvercrest Asset Management Group had a net margin of 7.52% and a return on equity of 12.88%. Analysts predict that Silvercrest Asset Management Group will post 1.54 earnings per share for the current year.

Silvercrest Asset Management Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 14th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.76 annualized dividend and a yield of 4.57%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is currently 80.00%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in shares of Silvercrest Asset Management Group by 8.9% in the 1st quarter. BNP Paribas Financial Markets now owns 8,450 shares of the asset manager’s stock worth $134,000 after buying an additional 692 shares during the period. Quadrature Capital Ltd lifted its stake in Silvercrest Asset Management Group by 6.7% in the first quarter. Quadrature Capital Ltd now owns 33,242 shares of the asset manager’s stock worth $519,000 after acquiring an additional 2,099 shares during the period. Russell Investments Group Ltd. grew its holdings in Silvercrest Asset Management Group by 6.2% during the 1st quarter. Russell Investments Group Ltd. now owns 49,502 shares of the asset manager’s stock worth $783,000 after acquiring an additional 2,905 shares in the last quarter. First Personal Financial Services bought a new position in Silvercrest Asset Management Group during the 1st quarter worth about $63,000. Finally, Vanguard Group Inc. increased its position in Silvercrest Asset Management Group by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 522,136 shares of the asset manager’s stock valued at $8,255,000 after purchasing an additional 4,756 shares during the period. 47.59% of the stock is currently owned by hedge funds and other institutional investors.

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.