Siebert Financial (NASDAQ:SIEB) Major Shareholder Acquires 15,000 Shares of Stock

Siebert Financial Corp. (NASDAQ:SIEB) major shareholder Richard Gebbia acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average cost of $1.86 per share, for a total transaction of $27,900.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Siebert Financial Price Performance

Siebert Financial stock traded up $0.27 during midday trading on Friday, reaching $2.24. 1,270,565 shares of the company were exchanged, compared to its average volume of 54,002. The firm’s 50-day simple moving average is $1.76 and its 200-day simple moving average is $1.88. Siebert Financial Corp. has a 1 year low of $1.53 and a 1 year high of $4.14. The company has a market capitalization of $92.06 million, a price-to-earnings ratio of -74.64 and a beta of 0.93. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.07 and a current ratio of 1.07.

Siebert Financial (NASDAQ:SIEB) last released 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%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Siebert Financial

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Siebert Financial by 111,383.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 6,683 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Siebert Financial in the second quarter valued at $34,000. Williams & Novak LLC grew its position in Siebert Financial by 38.6% during the second quarter. Williams & Novak LLC now owns 21,900 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 6,100 shares during the period. Invesco Ltd. purchased a new stake in Siebert Financial during the second quarter valued at about $45,000. Finally, Jane Street Group LLC increased its stake in Siebert Financial by 40.9% during the first quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 4,775 shares during the last quarter. 1.52% of the stock is currently 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.