Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Short Interest Down 31.9% in January

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 38,700 shares, a decrease of 31.9% from the December 31st total of 56,800 shares. Based on an average trading volume of 24,100 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.4% of the company’s stock are sold short.

Silvercrest Asset Management Group Stock Down 0.1 %

Shares of NASDAQ:SAMG traded down $0.02 on Friday, reaching $18.50. 17,030 shares of the company’s stock were exchanged, compared to its average volume of 21,962. The firm has a market capitalization of $256.41 million, a price-to-earnings ratio of 23.13 and a beta of 0.82. Silvercrest Asset Management Group has a fifty-two week low of $13.93 and a fifty-two week high of $19.20. The business’s 50-day moving average is $18.18 and its two-hundred day moving average is $17.23.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.32%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 100.00%.

Wall Street Analyst Weigh In

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.

Institutional Trading of Silvercrest Asset Management Group

Institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd acquired a new stake in shares of Silvercrest Asset Management Group in the 4th quarter worth about $122,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Silvercrest Asset Management Group by 30.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager’s stock worth $253,000 after acquiring an additional 3,446 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Silvercrest Asset Management Group in the 2nd quarter worth about $270,000. Jane Street Group LLC increased its holdings in shares of 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 worth $345,000 after acquiring an additional 7,155 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Silvercrest Asset Management Group by 80.8% in 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. 47.59% of the stock is owned by institutional investors and hedge funds.

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.