Siebert Financial (NASDAQ:SIEB) Issues Earnings Results

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

Siebert Financial Trading Down 6.1%

SIEB traded down $0.11 during midday trading on Friday, reaching $1.70. 24,729 shares of the company’s stock traded hands, compared to its average volume of 50,057. The firm has a fifty day moving average of $2.12 and a two-hundred day moving average of $1.99. The stock has a market capitalization of $71.77 million, a price-to-earnings ratio of -56.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.07 and a quick ratio of 1.07. Siebert Financial has a 52 week low of $1.53 and a 52 week high of $4.14.

Analyst Upgrades and Downgrades

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, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Siebert Financial

A number of large investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC purchased a new position in shares of Siebert Financial during the third quarter valued at approximately $35,000. Williams & Novak LLC lifted its stake in Siebert Financial by 38.6% in the second quarter. Williams & Novak LLC now owns 21,900 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 6,100 shares during the period. Susquehanna International Group LLP lifted its stake in 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 acquiring an additional 19,643 shares during the period. Finally, BlackRock Inc. purchased a new stake in Siebert Financial in the second quarter worth $168,000. 1.52% of the stock is currently owned by institutional investors.

Siebert Financial Company Profile

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.