Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Tuesday.
Silvercrest Asset Management Group Stock Performance
Shares of SAMG traded up $0.01 during midday trading on Tuesday, hitting $18.51. The company had a trading volume of 28,256 shares, compared to its average volume of 26,472. The company's 50-day simple moving average is $16.88 and its 200-day simple moving average is $16.04. The firm has a market capitalization of $256.55 million, a P/E ratio of 23.18 and a beta of 0.83. Silvercrest Asset Management Group has a 1 year low of $13.93 and a 1 year high of $18.69.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of 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 purchasing an additional 3,446 shares during the period. Royce & Associates LP boosted its stake in shares of Silvercrest Asset Management Group by 6.6% in the third quarter. Royce & Associates LP now owns 586,300 shares of the asset manager's stock valued at $10,108,000 after buying an additional 36,063 shares in the last quarter. Long Path Partners LP grew its holdings in Silvercrest Asset Management Group by 23.8% in the second quarter. Long Path Partners LP now owns 940,798 shares of the asset manager's stock valued at $14,667,000 after purchasing an additional 180,627 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Silvercrest Asset Management Group in the second quarter valued at $270,000. Finally, Renaissance Technologies LLC grew its holdings in Silvercrest Asset Management Group by 11.5% in the second quarter. Renaissance Technologies LLC now owns 173,037 shares of the asset manager's stock valued at $2,698,000 after purchasing an additional 17,800 shares during the last quarter. Institutional investors and hedge funds own 47.59% of the company's stock.
Silvercrest Asset Management Group Company Profile
(
Get Free Report)
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.
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