Short Interest in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Increased by 26.8%

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

Institutional Investors Take Note of Silvercrest Asset Management Group

Several institutional investors have made adjustments to their holdings in Silvercrest Asset Management Group recently. Connor Clark & Lunn Investment Management Ltd. has boosted its stake by 30.8% during the third quarter and now holds 14,649 shares valued at $253,000, following the acquisition of an additional 3,446 shares. Likewise, Rhumbline Advisers raised its position by 15.7% in the second quarter, acquiring an additional 2,072 shares to hold a total of 15,230 shares worth $237,000. HSBC Holdings PLC also entered a new position valued at approximately $270,000. Jane Street Group LLC increased its holdings significantly by 55.6% in the third quarter, bringing its total to 20,030 shares, valued at $345,000 after buying an additional 7,155 shares. Lastly, JPMorgan Chase & Co. elevated its holdings by 80.8%, now owning 20,605 shares valued at $355,000 after acquiring an additional 9,209 shares. In total, institutional investors currently hold approximately 47.59% of the stock.

Silvercrest Asset Management Group Stock Performance

In mid-day trading on Tuesday, shares of SAMG rose by 1.1%, increasing by $0.20 to reach $18.64. The stock recorded a trading volume of 5,635 shares, which is below its average trading volume of 26,106 shares. Currently, the stock has a 50-day simple moving average of $17.96 and a two-hundred-day simple moving average of $16.78. Over the past year, Silvercrest Asset Management Group has seen a low of $13.93 and a high of $19.20, and it boasts a market capitalization of $258.44 million, a P/E ratio of 23.30, and a beta of 0.83.

Dividend Declaration by Silvercrest Asset Management Group

The company has recently declared a quarterly dividend that was paid out on December 20th. Shareholders who were on record as of December 13th received a dividend of $0.20 per share. This translates to an annualized dividend of $0.80, giving a dividend yield of 4.29%. The ex-dividend date was also December 13th, and Silvercrest Asset Management Group's payout ratio is currently 100%.

Analysts Predict Positive Growth

Additionally, StockNews.com upgraded the shares of Silvercrest Asset Management Group from a "buy" rating to a "strong-buy" rating in a research note dated November 20th.

Read More on SAMG's Stock Performance

About Silvercrest Asset Management Group

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

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This summary is generated to provide concise and relevant information regarding Silvercrest Asset Management Group's recent market movements.

Should You Invest in Silvercrest Asset Management Group Now?

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