Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.69 and traded as high as $19.12. Silvercrest Asset Management Group shares last traded at $19.03, with a volume of 84,167 shares trading hands.

Analyst Ratings Changes

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

Silvercrest Asset Management Group Stock Up 6.7 %

The firm’s 50-day moving average price is $17.69 and its 200 day moving average price is $16.52. The firm has a market cap of $263.76 million, a P/E ratio of 23.79 and a beta of 0.83.

Silvercrest Asset Management Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.20%. The ex-dividend date is Friday, December 13th. Silvercrest Asset Management Group’s payout ratio is currently 100.00%.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Several institutional investors have recently bought and sold shares of SAMG. Long Path Partners LP lifted its holdings 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 purchasing an additional 180,627 shares during the period. Royce & Associates LP lifted its holdings in Silvercrest Asset Management Group by 6.6% in the 3rd 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 last quarter. Koss Olinger Consulting LLC acquired a new stake in Silvercrest Asset Management Group in the 2nd quarter valued at about $457,000. Diamond Hill Capital Management Inc. lifted its holdings in Silvercrest Asset Management Group by 29.7% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 123,722 shares of the asset manager’s stock valued at $1,929,000 after acquiring an additional 28,298 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Silvercrest Asset Management Group in the 2nd quarter valued at about $270,000. Institutional investors and hedge funds own 47.59% of the company’s stock.

About Silvercrest Asset Management Group

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.