SI Financial Group, Inc. (SIFI) Stake Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in SI Financial Group, Inc. (NASDAQ:SIFI) by 610.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,817 shares of the savings and loans company’s stock after buying an additional 37,650 shares during the quarter. Russell Investments Group Ltd. owned about 0.36% of SI Financial Group worth $655,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of 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 worth $714,000 after buying an additional 473 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of SI Financial Group by 46.4% during the second quarter. The Manufacturers Life Insurance Company now owns 12,601 shares of the savings and loans company’s stock valued at $203,000 after purchasing an additional 3,995 shares in the last quarter. Foundry Partners LLC boosted its position in shares of SI Financial Group by 5.4% during the third quarter. Foundry Partners LLC now owns 137,595 shares of the savings and loans company’s stock valued at $2,057,000 after purchasing an additional 7,024 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of SI Financial Group by 1,162.5% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 10,100 shares of the savings and loans company’s stock valued at $162,000 after purchasing an additional 9,300 shares in the last quarter. Finally, FNY Partners Fund LP bought a new stake in shares of SI Financial Group during the second quarter valued at approximately $157,000. Hedge funds and other institutional investors own 59.92% of the company’s stock.

Shares of SI Financial Group, Inc. (NASDAQ:SIFI) opened at $14.60 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07. SI Financial Group, Inc. has a 1 year low of $13.50 and a 1 year high of $16.45. The firm has a market capitalization of $179.40, a P/E ratio of 13.04 and a beta of 0.31.

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

In related news, CEO Rheo A. Brouillard sold 2,325 shares of SI Financial Group stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $14.66, for a total transaction of $34,084.50. Following the sale, the chief executive officer now directly owns 58,068 shares in the company, valued at $851,276.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rheo A. Brouillard sold 3,600 shares of SI Financial Group stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $14.74, for a total value of $53,064.00. Following the sale, the insider now owns 51,654 shares in the company, valued at $761,379.96. The disclosure for this sale can be found here. Insiders have sold 9,525 shares of company stock worth $142,265 over the last 90 days. 4.88% of the stock is currently owned by corporate insiders.

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About SI Financial Group

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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