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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) was the target of a significant decrease in short interest in the month of 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. Currently, 0.3% of the company's stock are short sold. Based on an average daily volume of 21,500 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Institutional investors have recently modified their holdings of the business. First Personal Financial Services grew its position in Silvercrest Asset Management Group by 50.0% in the 2nd quarter. First Personal Financial Services now owns 6,000 shares of the asset manager's stock worth $94,000 after purchasing an additional 2,000 shares during the period. Rhumbline Advisers increased its position in Silvercrest Asset Management Group by 15.7% during the second quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager's stock valued at $237,000 after acquiring an additional 2,072 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Silvercrest Asset Management Group by 30.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager's stock valued at $253,000 after acquiring an additional 3,446 shares during the period. Vanguard Group Inc. boosted its position in Silvercrest Asset Management Group by 0.9% in the first quarter. Vanguard Group Inc. now owns 522,136 shares of the asset manager's stock worth $8,255,000 after purchasing an additional 4,756 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Silvercrest Asset Management Group by 17.0% in the second quarter. Bank of New York Mellon Corp now owns 47,454 shares of the asset manager's stock worth $740,000 after purchasing an additional 6,910 shares during the last quarter. 47.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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 Performance

Shares of SAMG traded down $0.35 on Friday, hitting $18.48. 24,873 shares of the stock traded hands, compared to its average volume of 26,061. The company 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 one year low of $13.93 and a one year high of $19.12. The business has a 50 day simple moving average of $17.72 and a 200 day simple moving average of $16.55.

Silvercrest Asset Management Group Dividend Announcement

The firm 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. This represents a $0.80 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, December 13th. Silvercrest Asset Management Group's dividend payout ratio is currently 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.