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

Shares of Siebert Financial Corp. (NASDAQ:SIEB) were up 3.9% during trading on Wednesday. The stock traded as high as $1.88 and last traded at $1.88. 6,963 shares traded hands during trading, a decline of 50% from the average daily volume of 14,007 shares. The stock had previously closed at $1.81.

Wall Street Analysts Forecast Growth

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

Siebert Financial Price Performance

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 company has a market cap of $79.37 million, a price-to-earnings ratio of -62.65 and a beta of 1.04. The stock’s 50-day simple moving average is $2.13 and its 200 day simple moving average is $1.99.

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

Institutional Trading of Siebert Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC acquired a new stake in shares of Siebert Financial in the third quarter valued at $35,000. Williams & Novak LLC raised its holdings in shares of 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 buying an additional 6,100 shares during the period. Susquehanna International Group LLP lifted its stake in Siebert Financial by 68.5% during the 2nd 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 in the last quarter. Finally, BlackRock Inc. acquired a new position in Siebert Financial during the 2nd quarter worth about $168,000. Hedge funds and other institutional investors own 1.52% of the company’s stock.

Siebert Financial Company Profile

Siebert Financial Corp. is a financial services holding company that provides brokerage, investment banking, investment advisory and related services through its subsidiaries. Its offerings are designed to serve individual investors, institutions, corporations and financial professionals. The company’s services include retail and institutional securities brokerage, online trading, investment research, advisory services, corporate stock plan administration and investment banking. Through its brokerage operations, Siebert provides access to a range of investment products and services, while its corporate and institutional businesses support equity compensation programs and capital-markets activities.