Short Interest in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Increases Significantly

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) experienced a notable rise in short interest during December. As of December 15th, the total short interest reached 36,000 shares, marking a significant increase of 26.8% from the previous total of 28,400 shares recorded on November 30th. With an average daily trading volume of 22,400 shares, the current short-interest ratio stands at 1.6 days. At this time, around 0.4% of the company's shares are currently sold short.

Institutional Investors Modify Their Holdings

Several institutional investors have recently adjusted their stakes in Silvercrest Asset Management Group. For instance, Connor Clark & Lunn Investment Management Ltd. increased its holdings by 30.8% in the third quarter, obtaining a total of 14,649 shares valued at $253,000 after acquiring an additional 3,446 shares. Rhumbline Advisers also raised its position by 15.7% during the second quarter and now possesses 15,230 shares worth $237,000 after buying an extra 2,072 shares in that time. Additionally, HSBC Holdings PLC entered a new investment in Silvercrest, valued at approximately $270,000 in the same quarter. Jane Street Group LLC saw an impressive increase of 55.6% in its stake in the third quarter, bringing its total to 20,030 shares worth $345,000 after an additional purchase of 7,155 shares. Lastly, JPMorgan Chase & Co. boosted its ownership by 80.8% in the third quarter, now holding 20,605 shares valued at $355,000 after acquiring an additional 9,209 shares. Currently, institutional investors hold 47.59% of Silvercrest's total stock.

Stock Performance Overview

On a recent trading day, shares of SAMG rose by $0.20 to reach $18.64. The trading volume recorded was 5,635 shares, which is lower than its average volume of 26,106 shares. The company’s stock is currently positioned with a 50-day simple moving average of $17.96 and a 200-day average of $16.78. The stock has experienced a 1-year low of $13.93 and a high of $19.20, with a market capitalization of $258.44 million. The price-to-earnings (P/E) ratio is at 23.30, and the stock has a beta of 0.83.

Recent Dividend Announcement

The company has also disclosed a quarterly dividend, which was distributed on Friday, December 20th. Shareholders who were on record as of Friday, December 13th, received a dividend of $0.20 per share. This amounts to an annual dividend of $0.80, resulting in a dividend yield of 4.29%. The ex-dividend date for this payment was December 13th. Notably, Silvercrest’s payout ratio stands at 100.00%.

Analyst Outlook for Silvercrest Asset Management Group

In related news, StockNews.com upgraded their rating of Silvercrest Asset Management Group shares from “buy” to “strong-buy” in a research note issued on November 20th.

Company Summary

About Silvercrest Asset Management Group Inc.

Silvercrest Asset Management Group Inc. is a wealth management firm that offers financial advisory and family office services in the United States. The firm caters to ultra-high-net-worth individuals and families, including their trusts, endowments, foundations, and other institutional investors.

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Investment Considerations

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