Silvercrest Asset Management Group Inc (NASDAQ:SAMG) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 37,700 shares, a growth of 9.6% from the May 30th total of 34,400 shares. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.5% of the shares of the company are sold short.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its position in Silvercrest Asset Management Group by 88,000.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,762 shares of the asset manager’s stock worth $25,000 after acquiring an additional 1,760 shares in the last quarter. Rhumbline Advisers purchased a new position in Silvercrest Asset Management Group in the fourth quarter worth $144,000. Yorktown Management & Research Co Inc purchased a new position in Silvercrest Asset Management Group in the first quarter worth $161,000. Bank of America Corp DE raised its position in Silvercrest Asset Management Group by 12.2% in the fourth quarter. Bank of America Corp DE now owns 17,549 shares of the asset manager’s stock worth $232,000 after acquiring an additional 1,907 shares in the last quarter. Finally, Granite Investment Partners LLC raised its position in Silvercrest Asset Management Group by 87.1% in the first quarter. Granite Investment Partners LLC now owns 44,588 shares of the asset manager’s stock worth $636,000 after acquiring an additional 20,762 shares in the last quarter. 48.90% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ SAMG opened at $13.94 on Tuesday. The business’s fifty day moving average is $13.62. Silvercrest Asset Management Group has a 1-year low of $12.00 and a 1-year high of $18.26. The firm has a market capitalization of $188.48 million, a P/E ratio of 11.21 and a beta of 0.60.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Thursday, May 2nd. The asset manager reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.09). Silvercrest Asset Management Group had a return on equity of 19.08% and a net margin of 9.40%. The company had revenue of $22.57 million for the quarter.

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 14th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Thursday, June 13th.

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.

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