Steward Partners Investment Advisory LLC Has $96,000 Stake in Silvergate Capital Co. (NYSE:SI)

Steward Partners Investment Advisory LLC decreased its position in Silvergate Capital Co. (NYSE:SIGet Rating) by 64.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 640 shares of the company’s stock after selling 1,137 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Silvergate Capital were worth $96,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Marshall Wace LLP raised its holdings in shares of Silvergate Capital by 301.1% in the 4th quarter. Marshall Wace LLP now owns 669,340 shares of the company’s stock worth $99,197,000 after acquiring an additional 502,455 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of Silvergate Capital by 5.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 530,462 shares of the company’s stock worth $78,614,000 after acquiring an additional 26,661 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Silvergate Capital by 13.4% in the 4th quarter. Geode Capital Management LLC now owns 487,514 shares of the company’s stock worth $72,249,000 after acquiring an additional 57,426 shares during the last quarter. ARK Investment Management LLC raised its holdings in shares of Silvergate Capital by 16.8% in the 1st quarter. ARK Investment Management LLC now owns 478,486 shares of the company’s stock worth $72,046,000 after acquiring an additional 68,977 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of Silvergate Capital by 235.9% in the 4th quarter. Capital International Investors now owns 463,210 shares of the company’s stock worth $68,648,000 after acquiring an additional 325,310 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Insider Buying and Selling

In other Silvergate Capital news, CEO Alan J. Lane sold 16,314 shares of the stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $92.46, for a total value of $1,508,392.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.71% of the stock is owned by insiders.

Silvergate Capital Stock Up 3.1 %

SI opened at $94.54 on Wednesday. The company has a 50 day moving average of $70.92 and a 200 day moving average of $100.92. The company has a market cap of $2.99 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 0.53 and a beta of 3.08. Silvergate Capital Co. has a 12 month low of $50.65 and a 12 month high of $239.26. The company has a current ratio of 0.23, a quick ratio of 0.16 and a debt-to-equity ratio of 0.53.

Silvergate Capital (NYSE:SIGet Rating) last released its quarterly earnings data on Tuesday, July 19th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.82 by $0.31. Silvergate Capital had a net margin of 45.70% and a return on equity of 7.87%. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, sell-side analysts expect that Silvergate Capital Co. will post 5.08 EPS for the current year.

Analyst Upgrades and Downgrades

SI has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on shares of Silvergate Capital from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 20th. TheStreet downgraded shares of Silvergate Capital from a “c” rating to a “d+” rating in a research report on Thursday, June 30th. JPMorgan Chase & Co. reduced their price objective on shares of Silvergate Capital from $200.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, July 1st. The Goldman Sachs Group reduced their price objective on shares of Silvergate Capital from $100.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, July 12th. Finally, Craig Hallum increased their target price on shares of Silvergate Capital from $150.00 to $160.00 in a research report on Wednesday, April 20th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.50.

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

Want to see what other hedge funds are holding SI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silvergate Capital Co. (NYSE:SIGet Rating).

Institutional Ownership by Quarter for Silvergate Capital (NYSE:SI)

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