Siebert Financial (NASDAQ:SIEB) Posts Earnings Results

Siebert Financial (NASDAQ:SIEB) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.04 EPS for the quarter, Zacks reports. Siebert Financial had a return on equity of 10.78% and a net margin of 11.00%.

Siebert Financial Stock Up 0.7%

Shares of NASDAQ SIEB traded up $0.02 during trading on Wednesday, reaching $2.85. The company had a trading volume of 15,510 shares, compared to its average volume of 70,709. Siebert Financial has a 12-month low of $2.08 and a 12-month high of $5.77. The business’s 50-day moving average is $2.94 and its 200 day moving average is $3.68. The stock has a market cap of $115.22 million, a PE ratio of 11.88 and a beta of 0.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On Siebert Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Siebert Financial by 91.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 58,709 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 28,013 shares during the period. Vanguard Group Inc. raised its holdings in Siebert Financial by 5.6% during the third quarter. Vanguard Group Inc. now owns 723,975 shares of the financial services provider’s stock valued at $2,114,000 after acquiring an additional 38,318 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Siebert Financial by 175.8% in the third quarter. JPMorgan Chase & Co. now owns 18,448 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 11,759 shares in the last quarter. Bridgeway Capital Management LLC bought a new position in shares of Siebert Financial in the second quarter worth about $110,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of Siebert Financial during the second quarter worth about $97,000. Institutional investors own 1.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SIEB. Weiss Ratings restated a “hold (c-)” rating on shares of Siebert Financial in a report on Wednesday, October 8th. Wall Street Zen cut Siebert Financial from a “buy” rating to a “sell” rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.