Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Rating Lowered by Wall Street Zen

Silvercrest Asset Management Group (NASDAQ:SAMG) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other equities research analysts also recently weighed in on SAMG. Zacks Research downgraded Silvercrest Asset Management Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings upgraded Silvercrest Asset Management Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Silvercrest Asset Management Group currently has an average rating of “Hold”.

Silvercrest Asset Management Group Price Performance

Shares of NASDAQ:SAMG opened at $12.00 on Friday. The company has a market cap of $141.48 million, a price-to-earnings ratio of 40.00 and a beta of 0.69. The firm has a 50 day simple moving average of $13.50 and a 200 day simple moving average of $14.35. Silvercrest Asset Management Group has a one year low of $11.80 and a one year high of $16.99.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its earnings results on Monday, May 11th. The asset manager reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The company had revenue of $31.41 million during the quarter, compared to analyst estimates of $31.85 million. Silvercrest Asset Management Group had a net margin of 2.12% and a return on equity of 10.51%. As a group, analysts expect that Silvercrest Asset Management Group will post 1.53 EPS for the current year.

Institutional Investors Weigh In On Silvercrest Asset Management Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Punch & Associates Investment Management Inc. acquired a new position in shares of Silvercrest Asset Management Group in the first quarter worth approximately $3,293,000. Rothschild Wealth LLC acquired a new stake in Silvercrest Asset Management Group during the 4th quarter valued at approximately $1,950,000. North Star Investment Management Corp. bought a new position in Silvercrest Asset Management Group during the 1st quarter worth approximately $1,478,000. Marshall Wace LLP acquired a new position in shares of Silvercrest Asset Management Group in the 2nd quarter worth approximately $1,014,000. Finally, Teton Advisors LLC bought a new stake in shares of Silvercrest Asset Management Group in the 3rd quarter valued at $866,000. Institutional investors and hedge funds own 47.59% of the company’s stock.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.