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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) was the target 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. Approximately 0.4% of the company's shares are sold short. Based on an average daily trading volume, of 24,100 shares, the short-interest ratio is currently 1.6 days.

Silvercrest Asset Management Group Trading Up 1.1 %

NASDAQ:SAMG traded up $0.20 on Tuesday, reaching $18.37. The stock had a trading volume of 4,161 shares, compared to its average volume of 20,733. The company has a 50-day moving average of $18.18 and a 200 day moving average of $17.23. The stock has a market cap of $254.54 million, a P/E ratio of 22.96 and a beta of 0.82. Silvercrest Asset Management Group has a 12-month low of $13.93 and a 12-month high of $19.20.

Silvercrest Asset Management Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 14th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 4.36%. Silvercrest Asset Management Group's payout ratio is 100.00%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Silvercrest Asset Management Group

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Silvercrest Asset Management Group by 4.9% during the third quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager's stock worth $3,852,000 after purchasing an additional 10,477 shares during the last quarter. Barclays PLC lifted its position in shares of Silvercrest Asset Management Group by 48.8% during the third quarter. Barclays PLC now owns 30,814 shares of the asset manager's stock worth $531,000 after purchasing an additional 10,110 shares during the last quarter. Jane Street Group LLC lifted its position 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 purchasing an additional 7,155 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Silvercrest Asset Management Group by 80.8% during the third quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager's stock worth $355,000 after purchasing an additional 9,209 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Silvercrest Asset Management Group during the second quarter worth about $270,000. Institutional investors own 47.59% of the company's stock.

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.