Siebert Financial (NASDAQ:SIEB) Upgraded by Wall Street Zen to "Strong-Buy" Rating

Siebert Financial (NASDAQ:SIEB - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.

Siebert Financial Trading Down 1.7%

Shares of SIEB traded down $0.09 during mid-day trading on Friday, hitting $5.18. 151,467 shares of the company's stock traded hands, compared to its average volume of 42,988. 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 1 year low of $1.41 and a 1 year high of $5.77. The firm has a market capitalization of $209.32 million, a P/E ratio of 19.92 and a beta of 0.67. The business's 50-day moving average price is $3.94 and its 200-day moving average price is $3.23.

Siebert Financial (NASDAQ:SIEB - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The financial services provider reported $0.22 earnings per share for the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%. The company had revenue of $28.92 million for the quarter.

Institutional Investors Weigh In On Siebert Financial

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC boosted its position in shares of 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 valued at $49,000 after purchasing an additional 4,775 shares in the last quarter. Northern Trust Corp boosted its position in shares of Siebert Financial by 15.1% during the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider's stock valued at $128,000 after purchasing an additional 5,323 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Siebert Financial by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock valued at $685,000 after purchasing an additional 10,053 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Siebert Financial by 275.0% in the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider's stock worth $123,000 after acquiring an additional 28,600 shares in the last quarter. 1.52% of the stock is currently owned by institutional investors.

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.