Siebert Financial (NASDAQ:SIEB) Releases Quarterly Earnings Results

Siebert Financial (NASDAQ:SIEB) released its earnings results on Friday. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, FiscalAI reports. Siebert Financial had a negative net margin of 1.07% and a negative return on equity of 1.25%. The company had revenue of $24.67 million for the quarter.

Siebert Financial Stock Down 6.1%

Shares of NASDAQ SIEB traded down $0.11 during midday trading on Friday, hitting $1.70. 24,729 shares of the stock traded hands, compared to its average volume of 12,620. The company has a market cap of $71.78 million, a PE ratio of -56.65 and a beta of 1.04. Siebert Financial has a one year low of $1.53 and a one year high of $4.14. The business has a 50 day moving average price of $2.10 and a two-hundred day moving average price of $1.98. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.07 and a current ratio of 1.07.

Hedge Funds Weigh In On Siebert Financial

Large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC bought a new stake in Siebert Financial during the 3rd quarter worth approximately $35,000. Susquehanna International Group LLP raised its stake in shares of Siebert Financial by 68.5% in the second quarter. Susquehanna International Group LLP now owns 48,308 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 19,643 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Siebert Financial in the second quarter worth approximately $168,000. Finally, Williams & Novak LLC grew its holdings in Siebert Financial by 38.6% during the second quarter. Williams & Novak LLC now owns 21,900 shares of the financial services provider’s stock worth $36,000 after buying an additional 6,100 shares in the last quarter. 1.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Siebert Financial in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Siebert Financial

Siebert Financial Corporation is a financial services holding company whose businesses provide brokerage, investment advisory and institutional financial services. Its retail operations serve individual investors with securities trading and related investment services, while its advisory business offers portfolio management and financial planning services. Through its institutional operations, including Siebert Williams Shank, the company provides investment banking, municipal finance, securities sales and trading, and research services to public-sector entities, corporations and institutional investors.