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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) saw 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. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 24,100 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in shares of Silvercrest Asset Management Group by 28.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,604 shares of the asset manager's stock worth $103,000 after purchasing an additional 1,236 shares in the last quarter. R Squared Ltd bought a new stake in Silvercrest Asset Management Group in the 4th quarter worth approximately $122,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake 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 worth $253,000 after buying an additional 3,446 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Silvercrest Asset Management Group by 72.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,856 shares of the asset manager's stock valued at $365,000 after acquiring an additional 8,313 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Silvercrest Asset Management Group by 5.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 20,000 shares of the asset manager's stock valued at $368,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 47.59% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Silvercrest Asset Management Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 28th.

Silvercrest Asset Management Group Price Performance

NASDAQ:SAMG traded down $0.65 during trading hours on Friday, hitting $15.43. The stock had a trading volume of 69,126 shares, compared to its average volume of 28,754. The company has a 50 day simple moving average of $17.65 and a two-hundred day simple moving average of $17.68. The firm has a market capitalization of $210.37 million, a price-to-earnings ratio of 19.29 and a beta of 0.80. Silvercrest Asset Management Group has a one year low of $13.93 and a one year high of $19.20.

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

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend was Friday, March 14th. Silvercrest Asset Management Group's dividend payout ratio is currently 79.21%.

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.