Headlines about Siebert Financial (NASDAQ:SIEB) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Siebert Financial earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 44.800447484359 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
SIEB stock traded up $0.36 during trading on Wednesday, hitting $7.99. The stock had a trading volume of 13,983 shares, compared to its average volume of 88,125. Siebert Financial has a 52 week low of $2.90 and a 52 week high of $21.61. The firm has a market capitalization of $205.04, a P/E ratio of -99.86 and a beta of -0.78.
In other news, major shareholder Kennedy Cabot Acquisition, Llc sold 70,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $5.04, for a total value of $352,800.00. Following the transaction, the insider now owns 12,917,283 shares of the company’s stock, valued at $65,103,106.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gloria E. Gebbia sold 288,537 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $5.04, for a total value of $1,454,226.48. Following the sale, the director now directly owns 3,297,800 shares in the company, valued at approximately $16,620,912. The disclosure for this sale can be found here. 91.20% of the stock is currently owned by corporate insiders.
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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