Seidman Lawrence B Lowers stake in SI Financial Group (SIFI)

SI Financial Group (SIFI) : Seidman Lawrence B reduced its stake in SI Financial Group by 0.88% during the most recent quarter end. The investment management company now holds a total of 588,845 shares of SI Financial Group which is valued at $7,790,419 after selling 5,200 shares in SI Financial Group , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.SI Financial Group makes up approximately 5.15% of Seidman Lawrence B’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in SIFI in the latest quarter, The investment management firm added 4,313 additional shares and now holds a total of 221,401 shares of SI Financial Group which is valued at $2,882,641. Context Bh Capital Management Lp sold out all of its stake in SIFI during the most recent quarter. The investment firm sold 14,358 shares of SIFI which is valued $189,669.Deprince Race Zollo Inc reduced its stake in SIFI by selling 35,475 shares or 11.19% in the most recent quarter. The Hedge Fund company now holds 281,502 shares of SIFI which is valued at $3,774,942. SI Financial Group makes up approx 0.07% of Deprince Race Zollo Inc’s portfolio.Foundry Partners boosted its stake in SIFI in the latest quarter, The investment management firm added 3,600 additional shares and now holds a total of 106,681 shares of SI Financial Group which is valued at $1,426,325. SI Financial Group makes up approx 0.13% of Foundry Partners’s portfolio.

SI Financial Group opened for trading at $13.45 and hit $13.45 on the upside on Wednesday, eventually ending the session at $13.23, with a gain of 0.30% or 0.04 points. The heightened volatility saw the trading volume jump to 7,475 shares. Company has a market cap of $162 M.

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. The Bank accepts deposits from the general public and uses those funds to originate one to four family residential mortgage loans multi-family and commercial real estate loans commercial business loans and construction and consumer loans. The Bank also purchases commercial business loans including loans fully guaranteed by the Small Business Administration (SBA) and the United States Department of Agriculture (USDA). The Bank sells certain fixed-rate one to four family residential conforming loans it originates in the secondary market with the servicing retained. The remainder of the Bank’s loan portfolio is originated for investment.

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