Siebert Financial (NASDAQ:SIEB) Rating Lowered to Sell at Wall Street Zen

Key Points

• Siebert Financial has been downgraded from a "buy" rating to a "sell" rating by research analysts at Wall Street Zen.
• The company reported a loss of ($0.12) earnings per share for the last quarter, with a revenue of $14.87 million.
• Recent adjustments by hedge funds show increasing activity, with notable stakes taken by firms like Jane Street Group and JPMorgan Chase & Co..

Wall Street Zen lowered shares of Siebert Financial (NASDAQ:SIEB - Free Report) from a buy rating to a sell rating in a research report report published on Saturday.

Siebert Financial Stock Performance

Shares of SIEB stock traded down $0.16 during mid-day trading on Friday, reaching $2.86. The stock had a trading volume of 64,185 shares, compared to its average volume of 61,869. The firm's 50 day simple moving average is $4.10 and its 200 day simple moving average is $3.61. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a one year low of $1.63 and a one year high of $5.77. The firm has a market cap of $118.49 million, a PE ratio of 11.92 and a beta of 0.73.

Siebert Financial (NASDAQ:SIEB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The financial services provider reported ($0.12) EPS for the quarter. Siebert Financial had a return on equity of 10.78% and a net margin of 11.00%.The firm had revenue of $14.87 million during the quarter.

Institutional Trading of Siebert Financial

A number of hedge funds have recently modified their holdings of the company. Jane Street Group LLC lifted its position 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 worth $49,000 after acquiring an additional 4,775 shares during the period. Northern Trust Corp lifted its position in shares of Siebert Financial by 15.1% during the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider's stock worth $128,000 after buying an additional 5,323 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Siebert Financial by 111,383.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider's stock worth $30,000 after buying an additional 6,683 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Siebert Financial during the 2nd quarter worth approximately $34,000. Finally, Geode Capital Management LLC lifted its position in shares of Siebert Financial by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock worth $685,000 after buying an additional 10,053 shares during the period. Institutional investors own 1.52% of the company's stock.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.