Siebert Financial Corp. (SIEB) Major Shareholder Sells $352,800.00 in Stock

Siebert Financial Corp. (NASDAQ:SIEB) major shareholder Kennedy Cabot Acquisition, Llc sold 70,000 shares of Siebert Financial stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $5.04, for a total value of $352,800.00. Following the completion of the transaction, the insider now owns 12,917,283 shares of the company’s stock, valued at approximately $65,103,106.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Siebert Financial Corp. (NASDAQ:SIEB) opened at $9.00 on Thursday. Siebert Financial Corp. has a 52 week low of $2.16 and a 52 week high of $21.61. The firm has a market capitalization of $240.61, a PE ratio of 147.67 and a beta of -1.09.

Siebert Financial (NASDAQ:SIEB) last posted its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.05 EPS for the quarter. Siebert Financial had a positive return on equity of 36.34% and a negative net margin of 15.93%. The company had revenue of $3.09 million during the quarter.

An institutional investor recently raised its position in Siebert Financial stock. Northern Trust Corp boosted its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,573 shares of the financial services provider’s stock after buying an additional 2,680 shares during the period. Northern Trust Corp owned 0.13% of Siebert Financial worth $117,000 at the end of the most recent quarter. 0.83% of the stock is owned by institutional investors and hedge funds.

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Siebert Financial Company Profile

Siebert Financial Corp. is a holding company that conducts retail discount brokerage business through its subsidiary, Muriel Siebert & Co, Inc (Siebert). The Company’s Siebert’s principal activity is providing online and traditional brokerage and related services to retail investors. It is also an investment advisor through a subsidiary, Siebert Investment Advisors, Inc (SIA).

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