Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Sees Large Decline in Short Interest

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) saw a significant 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. Based on an average daily volume of 21,500 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Silvercrest Asset Management Group

Several institutional investors have recently modified their holdings of the business. First Personal Financial Services boosted its holdings in Silvercrest Asset Management Group by 50.0% in the second quarter. First Personal Financial Services now owns 6,000 shares of the asset manager’s stock valued at $94,000 after purchasing an additional 2,000 shares during the period. Rhumbline Advisers raised its position in Silvercrest Asset Management Group by 15.7% in the 2nd quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager’s stock valued at $237,000 after purchasing an additional 2,072 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Silvercrest Asset Management Group by 30.8% during the third 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. Hsbc Holdings PLC acquired a new position in shares of Silvercrest Asset Management Group during the second quarter worth about $270,000. Finally, Jane Street Group LLC increased its stake in shares of Silvercrest Asset Management Group by 55.6% during 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. Institutional investors and hedge funds own 47.59% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised 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 Stock Down 1.8 %

NASDAQ:SAMG traded down $0.35 on Friday, reaching $18.48. 24,873 shares of the company’s stock were exchanged, compared to its average volume of 20,404. The firm has a market capitalization of $256.13 million, a price-to-earnings ratio of 23.10 and a beta of 0.83. Silvercrest Asset Management Group has a 52-week low of $13.93 and a 52-week high of $19.12. The business has a fifty day moving average of $17.72 and a 200-day moving average of $16.56.

Silvercrest Asset Management Group Dividend Announcement

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

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.