Short Interest in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Grows By 26.8%

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 36,000 shares, an increase of 26.8% from the November 30th total of 28,400 shares. Based on an average daily volume of 22,400 shares, the short-interest ratio is presently 1.6 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On Silvercrest Asset Management Group

A number of institutional investors have recently modified their holdings of SAMG. Connor Clark & Lunn Investment Management Ltd. grew 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 worth $253,000 after purchasing an additional 3,446 shares in the last quarter. Rhumbline Advisers increased its position in shares of Silvercrest Asset Management Group by 15.7% in the second quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager’s stock worth $237,000 after purchasing an additional 2,072 shares during the period. Hsbc Holdings PLC acquired a new position in Silvercrest Asset Management Group in the second quarter valued at about $270,000. 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 valued at $345,000 after buying an additional 7,155 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of 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. Institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Trading Up 1.1 %

Shares of SAMG traded up $0.20 during mid-day trading on Tuesday, reaching $18.64. The company’s stock had a trading volume of 5,635 shares, compared to its average volume of 26,106. The business has a 50-day simple moving average of $17.96 and a two-hundred day simple moving average of $16.78. 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 cap of $258.44 million, a P/E ratio of 23.30 and a beta of 0.83.

Silvercrest Asset Management Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend was Friday, December 13th. Silvercrest Asset Management Group’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

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

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.