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

Siebert Financial Corp. (NASDAQ:SIEB)’s stock price was up 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 changed hands during trading, a decline of 50% from the average daily 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 research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Siebert Financial presently has an average rating of “Sell”.

Siebert Financial Trading Up 3.9%

The company’s 50 day simple moving average is $2.13 and its 200 day simple moving average is $1.99. The firm has a market cap of $79.37 million, a price-to-earnings ratio of -62.65 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 (NASDAQ:SIEB) last announced its quarterly earnings data on Tuesday, August 11th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $31.17 million during the quarter. Siebert Financial had a negative net margin of 1.07% and a negative return on equity of 1.25%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Williams & Novak LLC raised its position 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. Commonwealth Equity Services LLC purchased a new position in shares of Siebert Financial in the 3rd quarter valued at about $35,000. Susquehanna International Group LLP boosted its stake in shares of 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 buying an additional 19,643 shares during the period. Finally, BlackRock Inc. acquired a new position in shares of Siebert Financial during the second quarter worth about $168,000. 1.52% of the stock is owned by institutional investors and hedge funds.

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.