Silvergate Capital (NYSE:SI) Shares Down 2.4%

Silvergate Capital Co. (NYSE:SIGet Free Report) shares traded down 2.4% during mid-day trading on Thursday . The company traded as low as $0.33 and last traded at $0.40. 39,995 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 14,795,615 shares. The stock had previously closed at $0.41.

Silvergate Capital Price Performance

The firm’s fifty day moving average is $0.35 and its 200 day moving average is $0.30. The company has a market capitalization of $12.66 million, a P/E ratio of -0.01 and a beta of 2.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.18 and a current ratio of 0.25.

Hedge Funds Weigh In On Silvergate Capital

Large investors have recently bought and sold shares of the business. Citigroup Inc. raised its position in Silvergate Capital by 338.6% during the 1st quarter. Citigroup Inc. now owns 28,542 shares of the company’s stock valued at $46,000 after purchasing an additional 22,035 shares in the last quarter. Credit Suisse AG increased its holdings in Silvergate Capital by 68.1% during the first quarter. Credit Suisse AG now owns 43,500 shares of the company’s stock valued at $70,000 after buying an additional 17,623 shares during the period. Balyasny Asset Management L.P. bought a new stake in Silvergate Capital during the 1st quarter valued at $88,000. Harbour Investments Inc. raised its position in shares of Silvergate Capital by 500.4% in the 4th quarter. Harbour Investments Inc. now owns 5,049 shares of the company’s stock worth $88,000 after acquiring an additional 4,208 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in Silvergate Capital in the first quarter valued at about $101,000. Hedge funds and other institutional investors own 94.41% of the company’s stock.

Silvergate Capital Company Profile

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Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank that provides banking products and services to business and individual clients in the United States. The company accepts deposit products, including interest and noninterest bearing demand accounts, money market and savings accounts, and certificates of deposit accounts.

Further Reading

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