Silvergate Capital (NYSE:SI) Trading 6.7% Higher

Silvergate Capital Co. (NYSE:SI) traded up 6.7% during trading on Wednesday . The stock traded as high as $0.33 and last traded at $0.32. 99,287 shares changed hands during trading, a decline of 99% from the average session volume of 14,795,615 shares. The stock had previously closed at $0.30.

Silvergate Capital Stock Performance

The stock has a market capitalization of $10.13 million, a price-to-earnings ratio of -0.01 and a beta of 2.23. The stock’s 50 day moving average is $0.33 and its 200 day moving average is $0.27. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 0.54.

Hedge Funds Weigh In On Silvergate Capital

Hedge funds have recently added to or reduced their stakes in the business. Marathon Trading Investment Management LLC bought a new stake in Silvergate Capital in the fourth quarter worth about $188,000. ERn Financial LLC bought a new stake in Silvergate Capital in the fourth quarter worth about $185,000. Public Employees Retirement System of Ohio bought a new stake in Silvergate Capital in the third quarter worth about $178,000. Smith Anglin Financial LLC bought a new stake in Silvergate Capital in the fourth quarter worth about $174,000. Finally, Penserra Capital Management LLC raised its position in Silvergate Capital by 152.1% in the fourth quarter. Penserra Capital Management LLC now owns 7,959 shares of the company’s stock worth $138,000 after acquiring an additional 4,802 shares in the last quarter. Institutional investors and hedge funds own 94.41% of the company’s stock.

Silvergate Capital Company Profile

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.