StockNews.com Downgrades Silvercrest Asset Management Group (NASDAQ:SAMG) to Buy

Silvercrest Asset Management Group (NASDAQ:SAMG) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

Silvercrest Asset Management Group Stock Performance

NASDAQ:SAMG opened at $18.34 on Tuesday. Silvercrest Asset Management Group has a 52-week low of $13.93 and a 52-week high of $18.77. The firm has a market capitalization of $254.28 million, a PE ratio of 22.93 and a beta of 0.83. The stock has a 50-day simple moving average of $16.99 and a two-hundred day simple moving average of $16.08.

Institutional Trading of Silvercrest Asset Management Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Long Path Partners LP boosted its holdings in shares of Silvercrest Asset Management Group by 23.8% in the second quarter. Long Path Partners LP now owns 940,798 shares of the asset manager’s stock valued at $14,667,000 after purchasing an additional 180,627 shares during the period. Royce & Associates LP grew its holdings in shares of Silvercrest Asset Management Group by 6.6% during the third quarter. Royce & Associates LP now owns 586,300 shares of the asset manager’s stock valued at $10,108,000 after buying an additional 36,063 shares during the last quarter. Vanguard Group Inc. increased its holdings in Silvercrest Asset Management Group by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 522,136 shares of the asset manager’s stock worth $8,255,000 after buying an additional 4,756 shares during the period. Renaissance Technologies LLC boosted its holdings in Silvercrest Asset Management Group by 11.5% in the second quarter. Renaissance Technologies LLC now owns 173,037 shares of the asset manager’s stock valued at $2,698,000 after purchasing an additional 17,800 shares during the last quarter. Finally, Ancora Advisors LLC grew its position in Silvercrest Asset Management Group by 5.6% during the 1st quarter. Ancora Advisors LLC now owns 154,528 shares of the asset manager’s stock worth $2,443,000 after purchasing an additional 8,245 shares during the period. 47.59% of the stock is currently owned by institutional investors.

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.