Company shares are trading at $16.30 which is quite a bit above $14.44, the stock’s 50 day moving average and well above the 200 day moving average of $13.33. The 50 day moving average was up $1.86 or +12.89% and the 200 day average went up $2.97 or +22.28%. Trading was heavy with 26K shares changing hands by the end of trading on Tuesday. Trading volume was up 33.09% over the stocks average daily volume.
Traders are a little more bullish on shares of the company lately at least if you consider the decrease in short interest. The stock saw a fall in short interest of -25.16% as of the latest report on October 13, 2017. Short shares decreased from 42,462 to 31,777 over that period. The days to cover decreased to 2.0 and the short interest percentage is 0.00% as of October 13.
These funds have shifted positions in (SAMG). Pacific Ridge Capital Partners, LLC grew its ownership by buying 35,638 shares an increase of 18.3%. Pacific Ridge Capital Partners, LLC controls 230,885 shares with a value of $3,105,000. The value of the position overall is up by 19.6%. As of quarter end Ubs Group Ag had bought a total of 501 shares growing its stake by 191.2%. The value of the investment in (SAMG) increased from $3,000 to $10,000 increasing 233.3% since the last quarter.
Acadian Asset Management LLC augmented its stake by buying 152 shares an increase of 4.0% in the quarter. Acadian Asset Management LLC currently owns 3,956 shares worth $57,000. The total value of its holdings increased 11.8%. As of the end of the quarter Meeder Asset Management Inc had acquired 64 shares growing its position 43.5%. The value of the investment in SAMG went from $2,000 to $3,000 a change of 50.0% quarter to quarter.
The company is so far trading up from yesterday’s close of $16.30. Silvercrest Asset Management Gr announced a dividend that was paid on Friday the 22nd of September 2017. The dividend was $0.120 per share for the quarter or $0.48 on an annualized basis. This dividend represents a yield of $3.03. The ex-dividend date was set for Thursday the 14th of September 2017.
The company currently has a P/E ratio of 20.90 and the market cap of the company is 132.14M. As of the last earnings report the EPS was $0.78 and is expected to be $0.92 for the current year with 8,107,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.22 and the next full year EPS is projected to be $1.11.
Silvercrest Asset Management Group Inc. (Silvercrest), launched on July 11, 2011, is a full-service wealth management firm focused on providing financial advisory and related family office services to ultra-high net worth individuals and institutional investors. The Company offers a suite of complementary and customized family office services for families seeking oversight of their financial affairs. The Company advises its clients on traditional investment strategies focused on equities, fixed income and cash, as well as non-traditional investment strategies, including hedge funds, private equity funds, real estate and commodities. It offers clients an array of investment solutions together with an array of non-proprietary solutions offered by unaffiliated firms selected. Silvercrest’s family office services include financial planning; tax planning and preparation; partnership accounting and fund administration; consolidated wealth reporting; estate or trust agency, and art consultancy and management. The Business’s outsourced investment solutions include alternative investments, as well as traditional investment approaches in the categories of domestic large, mid and small cap growth equity, international equities and high-yield bonds..