Key Points
- Major shareholder Richard Gebbia bought 15,000 Siebert Financial shares at an average price of $1.86, investing $27,900 and increasing his stake by 2.67% to 576,273 shares.
- Siebert Financial shares rose 11.2% and opened at $2.19, while the company reported quarterly revenue of $31.17 million and a loss of $0.01 per share.
- Analyst sentiment remains negative: Weiss Ratings reiterated a “sell” rating, and MarketBeat lists a consensus “Sell” rating. Institutional investors own only 1.52% of the stock.
Siebert Financial Corp. (NASDAQ:SIEB - Get Free Report) major shareholder Richard Gebbia acquired 15,000 shares of the business's stock in a transaction on Thursday, May 28th. The stock was acquired at an average cost of $1.86 per share, for a total transaction of $27,900.00. Following the transaction, the insider owned 576,273 shares of the company's stock, valued at approximately $1,071,867.78. The trade was a 2.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Siebert Financial Trading Up 11.2%
Shares of Siebert Financial stock opened at $2.19 on Friday. Siebert Financial Corp. has a 1 year low of $1.53 and a 1 year high of $4.14. The firm has a market cap of $90.01 million, a PE ratio of -72.98 and a beta of 0.93. The stock has a fifty day moving average price of $1.77 and a 200-day moving average price of $1.88. 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 - Get Free Report) last released its earnings results on Tuesday, August 11th. The financial services provider reported ($0.01) EPS for the quarter. The business 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%.
Institutional Trading of Siebert Financial
Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Siebert Financial by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 723,975 shares of the financial services provider's stock valued at $2,114,000 after buying an additional 38,318 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Siebert Financial by 81.8% during the 2nd quarter. Geode Capital Management LLC now owns 400,488 shares of the financial services provider's stock worth $1,770,000 after acquiring an additional 180,186 shares during the period. BlackRock Inc. purchased a new stake in Siebert Financial in the 2nd quarter worth about $168,000. Bridgeway Capital Management LLC increased its holdings in Siebert Financial by 156.2% in the 3rd quarter. Bridgeway Capital Management LLC now owns 64,060 shares of the financial services provider's stock worth $187,000 after acquiring an additional 39,060 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Siebert Financial in the 3rd quarter valued at about $172,000. 1.52% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Siebert Financial in a research note on Friday, June 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Siebert Financial currently has a consensus rating of "Sell".
Read Our Latest Analysis on Siebert Financial
About Siebert Financial
(
Get Free Report)
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.
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