Weiss Ratings Reiterates "Hold (C-)" Rating for Siebert Financial (NASDAQ:SIEB)

Key Points

• Weiss Ratings has reissued a "Hold (C-)" rating for Siebert Financial, while Wall Street Zen has downgraded the company's stock from "buy" to "sell".
• Siebert Financial's shares saw a 14.3% increase recently, with the stock currently priced at $3.36 per share.
• Following recent institutional investments, Siebert Financial has a market cap of $139.20 million and a total of 1.52% of its stock owned by institutional investors.

Siebert Financial (NASDAQ:SIEB - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered Siebert Financial from a "buy" rating to a "sell" rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".

Siebert Financial Stock Up 14.3%

Shares of Siebert Financial stock opened at $3.36 on Wednesday. The business's 50 day simple moving average is $3.12 and its 200 day simple moving average is $3.67. Siebert Financial has a 52-week low of $2.08 and a 52-week high of $5.77. The firm has a market cap of $139.20 million, a PE ratio of 14.00 and a beta of 0.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its stake 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 acquiring an additional 4,775 shares during the period. JPMorgan Chase & Co. boosted its stake 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 acquiring 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. Invesco Ltd. bought a new stake in Siebert Financial in the 2nd quarter valued at $45,000. Finally, Los Angeles Capital Management LLC bought a new stake in Siebert Financial in the 2nd quarter valued at $48,000. 1.52% of the stock is currently owned by institutional investors.

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.

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