Silvercrest Asset Management Group (NASDAQ:SAMG) Rating Lowered to Buy at StockNews.com

Silvercrest Asset Management Group (NASDAQ:SAMG) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

Silvercrest Asset Management Group Trading Down 2.2 %

Shares of SAMG stock opened at $16.28 on Thursday. Silvercrest Asset Management Group has a twelve month low of $13.93 and a twelve month high of $19.20. The stock has a market capitalization of $221.96 million, a price-to-earnings ratio of 20.35 and a beta of 0.84. The stock has a fifty day simple moving average of $17.93 and a two-hundred day simple moving average of $17.65.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings data 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). Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%. The company had revenue of $31.96 million for the quarter, compared to analysts’ expectations of $31.97 million.

Institutional Trading of Silvercrest Asset Management Group

Several hedge funds and other institutional investors have recently bought and sold shares of SAMG. Gamco Investors INC. ET AL boosted 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 worth $368,000 after purchasing an additional 1,000 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Silvercrest Asset Management Group by 28.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,604 shares of the asset manager’s stock valued at $103,000 after acquiring an additional 1,236 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Silvercrest Asset Management Group by 12.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,430 shares of the asset manager’s stock valued at $302,000 after acquiring an additional 1,781 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Silvercrest Asset Management Group by 1.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 125,695 shares of the asset manager’s stock valued at $2,312,000 after acquiring an additional 1,781 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Silvercrest Asset Management Group by 6.0% in the fourth quarter. Barclays PLC now owns 32,663 shares of the asset manager’s stock valued at $601,000 after acquiring an additional 1,849 shares in the last quarter. 47.59% of the stock is owned by institutional investors and hedge funds.

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.