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

Siebert Financial Corp. (NASDAQ:SIEB) major shareholder Richard Gebbia purchased 15,000 shares of Siebert Financial stock in a transaction that occurred on Thursday, May 28th. The stock was acquired at an average cost of $1.86 per share, with a total value of $27,900.00. Following the transaction, the insider owned 576,273 shares in the company, valued at $1,071,867.78. This trade represents a 2.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Siebert Financial Stock Performance

SIEB opened at $2.19 on Friday. 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 company’s fifty day moving average price is $1.77 and its two-hundred day moving average price 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 cap of $90.01 million, a price-to-earnings ratio of -72.98 and a beta of 0.93.

Siebert Financial (NASDAQ:SIEB) last issued its quarterly earnings data on Tuesday, August 11th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. The business 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

Several institutional investors and hedge funds have recently made changes to their positions in SIEB. JPMorgan Chase & Co. boosted its holdings in Siebert Financial by 111,383.3% during the second quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 6,683 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Siebert Financial in the 2nd quarter worth about $34,000. Williams & Novak LLC increased its stake 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 buying an additional 6,100 shares during the last quarter. Invesco Ltd. purchased a new stake in Siebert Financial in the 2nd quarter valued at about $45,000. Finally, Jane Street Group LLC lifted its position in shares of Siebert Financial by 40.9% during the 1st quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock worth $49,000 after buying an additional 4,775 shares in the last quarter. Hedge funds and other institutional investors own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Siebert Financial in a report on Friday, June 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.