Siebert Financial (NASDAQ:SIEB) Shares Climb 3.9% – Here’s What Happened

Siebert Financial Corp. (NASDAQ:SIEB)’s share price rose 3.9% during mid-day trading on Wednesday. The company traded as high as $1.88 and last traded at $1.88. Approximately 6,963 shares traded hands during trading, a decline of 50% from the average session volume of 14,007 shares. The stock had previously closed at $1.81.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Siebert Financial in a report on Tuesday, September 22nd. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Siebert Financial has an average rating of “Sell”.

Siebert Financial Price Performance

The stock has a fifty day moving average of $2.12 and a two-hundred day moving average of $1.99. The stock has a market cap of $71.77 million, a price-to-earnings ratio of -56.65 and a beta of 1.04. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.05.

Siebert Financial (NASDAQ:SIEB) last issued its earnings results on Friday, November 13th. The financial services provider reported ($0.02) EPS for the quarter. Siebert Financial had a negative return on equity of 1.25% and a negative net margin of 1.07%. The company had revenue of $24.67 million for the quarter.

Institutional Trading of Siebert Financial

Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC purchased a new stake in shares of Siebert Financial during the 3rd quarter worth approximately $35,000. Williams & Novak LLC increased its stake in Siebert Financial by 38.6% in the 2nd quarter. Williams & Novak LLC now owns 21,900 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 6,100 shares in the last quarter. Susquehanna International Group LLP increased its stake in Siebert Financial by 68.5% in the 2nd quarter. Susquehanna International Group LLP now owns 48,308 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 19,643 shares in the last quarter. Finally, BlackRock Inc. acquired a new position in Siebert Financial during the second quarter worth $168,000. Hedge funds and other institutional investors own 1.52% of the company’s stock.

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.