Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Down 31.9% in January

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 38,700 shares, a drop of 31.9% from the December 31st total of 56,800 shares. Based on an average daily trading volume, of 24,100 shares, the short-interest ratio is currently 1.6 days. Approximately 0.4% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Silvercrest Asset Management Group

Large investors have recently made changes to their positions in the business. R Squared Ltd bought a new position in shares of Silvercrest Asset Management Group during the 4th quarter valued at about $122,000. Connor Clark & Lunn Investment Management Ltd. boosted 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 purchasing an additional 3,446 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Silvercrest Asset Management Group during the 2nd quarter valued at about $270,000. Jane Street Group LLC boosted its holdings in shares of Silvercrest Asset Management Group by 55.6% in the third quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock worth $345,000 after buying an additional 7,155 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Silvercrest Asset Management Group by 80.8% in the third quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager’s stock worth $355,000 after buying an additional 9,209 shares during the period. Institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Stock Performance

Shares of NASDAQ:SAMG traded down $0.02 during trading hours on Friday, hitting $18.50. 17,030 shares of the company’s stock traded hands, compared to its average volume of 21,962. Silvercrest Asset Management Group has a 52 week low of $13.93 and a 52 week high of $19.20. The company’s fifty day simple moving average is $18.18 and its two-hundred day simple moving average is $17.23. The company has a market cap of $256.41 million, a price-to-earnings ratio of 23.13 and a beta of 0.82.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 14th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 4.32%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 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.