Silvergate Capital (NYSE:SI) Stock Price Down 2.4%

Silvergate Capital Co. (NYSE:SI)’s share price fell 2.4% during mid-day trading on Thursday . The stock 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 Trading Down 2.4 %

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

Institutional Investors Weigh In On Silvergate Capital

A number of institutional investors have recently modified their holdings of SI. Citigroup Inc. boosted its position in shares of 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 boosted its holdings in shares of Silvergate Capital by 68.1% during the 1st quarter. Credit Suisse AG now owns 43,500 shares of the company’s stock worth $70,000 after buying an additional 17,623 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Silvergate Capital during the 1st quarter worth approximately $88,000. Harbour Investments Inc. increased its stake 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 valued at $88,000 after acquiring an additional 4,208 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Silvergate Capital during the 1st quarter valued at $101,000. 94.41% of the stock is owned by institutional investors.

About Silvergate Capital

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.