Silvergate Capital (NYSE:SI) Shares Down 2.4%

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

Silvergate Capital Price Performance

The company’s 50 day simple moving average is $0.35 and its 200 day simple moving average is $0.30. 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 stock has a market cap of $12.66 million, a P/E ratio of -0.01 and a beta of 2.23.

Institutional Trading of Silvergate Capital

Large investors have recently bought and sold shares of the business. Citigroup Inc. grew its position in Silvergate Capital by 338.6% in the first 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 position in shares of Silvergate Capital by 68.1% in the first quarter. Credit Suisse AG now owns 43,500 shares of the company’s stock valued at $70,000 after acquiring an additional 17,623 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Silvergate Capital during the first quarter worth about $88,000. Harbour Investments Inc. boosted its position in Silvergate Capital by 500.4% during the fourth quarter. Harbour Investments Inc. now owns 5,049 shares of the company’s stock valued at $88,000 after purchasing an additional 4,208 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new position in Silvergate Capital in the first quarter valued at approximately $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.