Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Passes Above 50-Day Moving Average - Should You Sell?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.69 and traded as high as $19.12. Silvercrest Asset Management Group shares last traded at $19.03, with a volume of 84,167 shares changing hands.

Analyst Upgrades and Downgrades

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 Trading Down 1.8 %

The stock has a market capitalization of $256.13 million, a PE ratio of 23.10 and a beta of 0.83. The company has a 50 day simple moving average of $17.72 and a 200 day simple moving average of $16.54.

Silvercrest Asset Management Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.80 annualized dividend and a yield of 4.33%. Silvercrest Asset Management Group's dividend payout ratio is currently 100.00%.

Hedge Funds Weigh In On Silvercrest Asset Management Group

A number of hedge funds have recently made changes to their positions in the business. Long Path Partners LP increased its holdings in Silvercrest Asset Management Group by 23.8% in the 2nd 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 in the last quarter. Royce & Associates LP grew 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. Koss Olinger Consulting LLC acquired a new stake in shares of Silvercrest Asset Management Group in the second quarter valued at about $457,000. Diamond Hill Capital Management Inc. raised its holdings in shares of Silvercrest Asset Management Group by 29.7% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 123,722 shares of the asset manager's stock valued at $1,929,000 after buying an additional 28,298 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Silvercrest Asset Management Group during the 2nd quarter worth approximately $270,000. Hedge funds and other institutional investors own 47.59% of the company's stock.

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.