Nisa Investment Advisors LLC increases its equity position in Silvergate Capital Co. (NYSE:SI)

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Nisa Investment Advisors LLC increased its position in shares of Silvergate Capital Co. (NYSE:SI – Get Rating) by 270.5% during the 1st quarter, reports Holdings Channel. The company held 741 shares of the company after purchasing an additional 541 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Silvergate Capital were worth $112,000 when it last filed with the SEC.

Other large investors have also increased or reduced their stake in the company. Parallel Advisors LLC increased its equity stake in Silvergate Capital by 2,350.0% in Q1. Parallel Advisors LLC now owns 343 shares of the company valued at $52,000 after purchasing 329 additional shares during the period. TownSquare Capital LLC increased its equity stake in Silvergate Capital by 63.7% in Q1. TownSquare Capital LLC now owns 2,762 shares of the company valued at $416,000 after purchasing an additional 1,075 shares during the period. Vista Finance LLC increased its stake in Silvergate Capital shares by 34.1% in the 1st quarter. Vista Finance LLC now owns 8,522 shares of the company valued at $1,283,000 after purchasing an additional 2,169 shares during the period. Newbridge Financial Services Group Inc. increased its shareholding in Silvergate Capital by 350.0% in Q1. Newbridge Financial Services Group Inc. now owns 225 shares of the company valued at $34,000 after purchasing an additional 175 shares during the period. Finally, Kestra Advisory Services LLC increased its stake in Silvergate Capital shares by 21.0% in the 1st quarter. Kestra Advisory Services LLC now owns 9,745 shares of the company valued at $1,467,000 after purchasing an additional 1,690 shares during the period. Hedge funds and other institutional investors own 71.79% of the company’s shares.

Silvergate Equity Price Performance

Shares of Silvergate Capital opened at $93.29 on Friday. The company has a debt ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.16. The company has a 50-day simple moving average of $69.99 and a two-hundred-day simple moving average of $101.80. The stock has a market capitalization of $2.95 billion, a P/E ratio of 26.96, a PEG ratio of 0.51 and a beta of 2.76. Silvergate Capital Co. has a 12-month low of $50.65 and a 12-month high of $239.26.

Silvergate Capital (NYSE:SI – Get Rating) last released its quarterly results on Tuesday, July 19. The company reported earnings per share (EPS) of $1.13 for the quarter, beating consensus analyst estimates of $0.82 from $0.31. Silvergate Capital had a return on equity of 7.87% and a net margin of 45.70%. During the same period last year, the company earned earnings per share of $0.80. As a group, analysts predict Silvergate Capital Co. will post EPS of 4.93 for the current fiscal year.

Analysts set new price targets

A number of research companies have weighed in on SI recently. JPMorgan Chase & Co. cut its price target on Silvergate Capital from $200.00 to $90.00 and set an “overweight” rating for the company in a Friday, July 1 report. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price target on Silvergate Capital shares in a Tuesday, July 19 report. Goldman Sachs Group cut its price target on Silvergate Capital from $100.00 to $86.00 and set a “buy” rating for the company in a Tuesday, July 12 report. Craig Hallum raised his price target on Silvergate Capital from $150.00 to $160.00 in a report from Wednesday, April 20. Finally, TheStreet upgraded Silvergate Capital from a “c” rating to a “d+” rating in a Thursday, June 30 report. Two investment analysts gave the stock a hold rating and nine gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “moderate buy” and an average target price of $158.50.

Insider activity

In other news, CEO Alan J. Lane sold 16,314 shares of the company in a trade that took place on Thursday, July 21. The stock was sold at an average price of $92.46, for a total value of $1,508,392.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website. Insiders of the company hold 1.71% of the shares of the company.

Silvergate Capital Company Profile

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Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank which provides corporate and personal banking products and services in the United States. The Company accepts deposit products, including interest-bearing and non-interest-bearing current accounts, money market and savings accounts, and certificates of deposit accounts.

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Want to see what other hedge funds hold SI? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Silvergate Capital Co. (NYSE:SI – Get Rating).

Institutional ownership by quarter for Silvergate Capital (NYSE:SI)



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