Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Sees Significant Increase in Short Interest

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 39,100 shares, an increase of 29.5% from the February 28th total of 30,200 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 24,100 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in 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 buying an additional 3,446 shares in the last quarter. Martingale Asset Management L P raised its stake in Silvercrest Asset Management Group by 111.2% in the 3rd quarter. Martingale Asset Management L P now owns 22,447 shares of the asset manager’s stock valued at $387,000 after purchasing an additional 11,818 shares during the last quarter. Jane Street Group LLC lifted 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 purchasing an additional 7,155 shares in the last quarter. Barclays PLC boosted its stake in Silvercrest Asset Management Group by 48.8% during the 3rd quarter. Barclays PLC now owns 30,814 shares of the asset manager’s stock worth $531,000 after purchasing an additional 10,110 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Silvercrest Asset Management Group by 4.9% during the third quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager’s stock worth $3,852,000 after buying an additional 10,477 shares in the last quarter. Institutional investors and hedge funds own 47.59% of the company’s stock.

Silvercrest Asset Management Group Stock Performance

Shares of Silvercrest Asset Management Group stock traded down $0.08 on Monday, hitting $16.39. The company’s stock had a trading volume of 8,932 shares, compared to its average volume of 27,332. The company has a market capitalization of $223.41 million, a price-to-earnings ratio of 20.57 and a beta of 0.84. The firm has a fifty day moving average price of $17.78 and a 200-day moving average price of $17.70. Silvercrest Asset Management Group has a 1 year low of $13.93 and a 1 year high of $19.20.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its earnings results on Thursday, March 6th. The asset manager reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.13). Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%. The business had revenue of $31.96 million for the quarter, compared to analyst estimates of $31.97 million.

Silvercrest Asset Management Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 14th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 4.88%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 79.21%.

Wall Street Analysts Forecast Growth

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

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.