Richard Gebbia Purchases 15,000 Shares of Siebert Financial (NASDAQ:SIEB) Stock

Siebert Financial Corp. (NASDAQ:SIEB) major shareholder Richard Gebbia bought 15,000 shares of the stock in a transaction on Thursday, May 28th. The stock was bought at an average price of $1.86 per share, for a total transaction of $27,900.00. Following the completion of the purchase, the insider directly owned 576,273 shares in the company, valued at approximately $1,071,867.78. The trade was a 2.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Siebert Financial Trading Up 11.2%

NASDAQ:SIEB opened at $2.19 on Friday. Siebert Financial Corp. has a 12-month low of $1.53 and a 12-month high of $4.14. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.05. The stock’s 50 day simple moving average is $1.77 and its 200-day simple moving average is $1.88. The firm has a market cap of $90.01 million, a P/E ratio of -72.98 and a beta of 0.93.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Siebert Financial

A number of institutional investors and hedge funds have recently made changes to their positions in SIEB. JPMorgan Chase & Co. lifted its stake in shares of Siebert Financial by 111,383.3% in the second 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Siebert Financial during the 2nd quarter valued at approximately $34,000. Williams & Novak LLC increased its stake 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 purchasing an additional 6,100 shares during the last quarter. Invesco Ltd. bought a new position in shares of Siebert Financial in the 2nd quarter worth about $45,000. Finally, Jane Street Group LLC boosted its holdings in shares of Siebert Financial by 40.9% in the 1st quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock valued at $49,000 after buying an additional 4,775 shares during the period. 1.52% of the stock is owned by institutional investors and hedge funds.

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.