Siebert Financial (NASDAQ:SIEB) Stock Rating Upgraded by Wall Street Zen

Siebert Financial (NASDAQ:SIEB - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "buy" rating in a research report issued on Friday.

Siebert Financial Stock Performance

Shares of NASDAQ:SIEB traded down $0.05 during trading on Friday, hitting $5.39. 234,427 shares of the company were exchanged, compared to its average volume of 38,034. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $5.53. The stock has a 50 day moving average of $3.60 and a 200 day moving average of $3.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $217.81 million, a PE ratio of 20.73 and a beta of 0.50.

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

Institutional Investors Weigh In On Siebert Financial

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised 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 acquiring an additional 4,775 shares in the last quarter. Northern Trust Corp grew its holdings 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 worth $128,000 after purchasing an additional 5,323 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Siebert Financial by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock worth $685,000 after purchasing an additional 10,053 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake 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 valued at $123,000 after purchasing an additional 28,600 shares in the last quarter. Institutional investors own 1.52% of the company's stock.

About Siebert Financial

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.