Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Down 25.3% in November

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 28,400 shares, a decrease of 25.3% from the November 15th total of 38,000 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 21,500 shares, the short-interest ratio is presently 1.3 days.

Silvercrest Asset Management Group Stock Performance

Shares of NASDAQ SAMG traded down $0.35 during trading on Friday, hitting $18.48. 24,873 shares of the company were exchanged, compared to its average volume of 20,404. The company has a fifty day moving average price of $17.72 and a 200-day moving average price of $16.56. The firm has a market capitalization of $256.13 million, a PE ratio of 23.10 and a beta of 0.83. Silvercrest Asset Management Group has a 12-month low of $13.93 and a 12-month high of $19.12.

Silvercrest Asset Management Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be paid a $0.20 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.80 annualized dividend and a dividend yield of 4.33%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 100.00%.

Institutional Trading of Silvercrest Asset Management Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Long Path Partners LP grew its position 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 acquiring an additional 180,627 shares during the period. Royce & Associates LP grew its holdings in shares of Silvercrest Asset Management Group by 6.6% during the 3rd quarter. Royce & Associates LP now owns 586,300 shares of the asset manager’s stock worth $10,108,000 after purchasing an additional 36,063 shares during the period. Koss Olinger Consulting LLC acquired a new stake in shares of Silvercrest Asset Management Group during the 2nd quarter worth about $457,000. Diamond Hill Capital Management Inc. raised 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 buying an additional 28,298 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Silvercrest Asset Management Group in the second quarter valued at about $270,000. Institutional investors and hedge funds own 47.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.