SI Financial Group, Inc. (SIFI) Stake Boosted by FNY Partners Fund LP

FNY Partners Fund LP lifted its stake in shares of SI Financial Group, Inc. (NASDAQ:SIFI) by 94.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,979 shares of the savings and loans company’s stock after purchasing an additional 9,199 shares during the quarter. FNY Partners Fund LP owned about 0.16% of SI Financial Group worth $283,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SIFI. Acadian Asset Management LLC grew its stake in shares of SI Financial Group by 5.6% during the 2nd quarter. Acadian Asset Management LLC now owns 48,071 shares of the savings and loans company’s stock worth $775,000 after purchasing an additional 2,548 shares during the period. Spark Investment Management LLC acquired a new position in shares of SI Financial Group during the 2nd quarter worth $169,000. Rhumbline Advisers acquired a new stake in SI Financial Group in the 2nd quarter valued at about $199,000. Bank of New York Mellon Corp grew its stake in SI Financial Group by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 44,331 shares of the savings and loans company’s stock valued at $714,000 after acquiring an additional 473 shares during the last quarter. Finally, Northern Trust Corp grew its stake in SI Financial Group by 10.5% in the 2nd quarter. Northern Trust Corp now owns 128,305 shares of the savings and loans company’s stock valued at $2,066,000 after acquiring an additional 12,156 shares during the last quarter. 59.92% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Rheo A. Brouillard sold 3,600 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $15.31, for a total value of $55,116.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rheo A. Brouillard sold 2,325 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $14.66, for a total transaction of $34,084.50. Following the completion of the sale, the chief executive officer now directly owns 58,068 shares in the company, valued at $851,276.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,129 shares of company stock worth $194,213. 4.88% of the stock is owned by corporate insiders.

Shares of SI Financial Group, Inc. (NASDAQ SIFI) opened at $14.95 on Tuesday. The company has a market cap of $178.79, a PE ratio of 13.08 and a beta of 0.31. SI Financial Group, Inc. has a 12 month low of $13.50 and a 12 month high of $16.45. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04.

SI Financial Group (NASDAQ:SIFI) last issued its quarterly earnings data on Wednesday, October 25th. The savings and loans company reported $0.19 EPS for the quarter. The firm had revenue of $13.38 million for the quarter. SI Financial Group had a net margin of 18.57% and a return on equity of 7.92%.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 6th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.34%. SI Financial Group’s payout ratio is 17.86%.

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SI Financial Group Company Profile

SI Financial Group, Inc is a holding company for Savings Institute Bank and Trust Company (the Bank). The Bank operates as a community-oriented financial institution offering a range of financial services to consumers and businesses in its market area, including insurance, trust and investment services.

Institutional Ownership by Quarter for SI Financial Group (NASDAQ:SIFI)

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