Siebert Financial (NASDAQ:SIEB) Major Shareholder Purchases $27,900.00 in Stock

Siebert Financial Corp. (NASDAQ:SIEB) major shareholder Richard Gebbia acquired 15,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were purchased at an average price of $1.86 per share, with a total value of $27,900.00. Following the transaction, the insider owned 576,273 shares in the company, valued at $1,071,867.78. The trade was a 2.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Siebert Financial Price Performance

Shares of NASDAQ:SIEB opened at $2.19 on Monday. Siebert Financial Corp. has a fifty-two week low of $1.53 and a fifty-two week high of $4.14. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $1.77 and its 200-day simple moving average is $1.88. The company has a market cap of $90.01 million, a price-to-earnings ratio of -72.98 and a beta of 0.93.

Siebert Financial (NASDAQ:SIEB) last posted its quarterly earnings results on Tuesday, August 11th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $31.17 million for the quarter. Siebert Financial had a negative return on equity of 1.25% and a negative net margin of 1.07%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Siebert Financial in a report on Friday, June 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Siebert Financial presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its stake in shares of Siebert Financial by 60.5% during the 4th quarter. Jane Street Group LLC now owns 16,373 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 6,173 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Siebert Financial in the 3rd quarter valued at approximately $92,000. JPMorgan Chase & Co. raised its holdings in Siebert Financial by 175.8% during the third quarter. JPMorgan Chase & Co. now owns 18,448 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 11,759 shares during the last quarter. Bridgeway Capital Management LLC acquired a new position in Siebert Financial during the second quarter worth $110,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in Siebert Financial during the second quarter worth $97,000. 1.52% of the stock is owned by hedge funds and other institutional investors.

Siebert Financial Company Profile

Siebert Financial Corp., trading on the Nasdaq under the symbol SIEB, is the bank holding company for Siebert Bank & Trust, offering a full range of community banking services. Through its subsidiary, the company provides traditional deposit products, lending solutions and digital banking capabilities designed to meet the needs of individuals, businesses and agricultural customers.

Siebert’s product suite includes checking and savings accounts, certificates of deposit and money market instruments, alongside consumer and mortgage loans, agricultural lending and commercial credit facilities.