Company profile

Incorporated in
Fiscal year end
Former names
Michaels J Inc
IRS number

SIEB stock data

FINRA relative short interest over last month (20 trading days) ?


27 Mar 20
4 Apr 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 7.96M 7.14M 7.06M 6.43M
Net income 505K 1.1M 992K 1.01M
Diluted EPS 0.02 0.04 0.04 0.04
Net profit margin 6.35% 15.45% 14.05% 15.65%
Net change in cash -1.15M -436K 900K -3.46M
Cash on hand 3.08M 4.23M 4.67M 3.77M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 28.59M 30.04M 13.11M 9.81M
Net income 3.61M 11.96M 2.16M -5.58M
Diluted EPS 0.13 0.44 .10 -.25
Net profit margin 12.61% 39.83% 16.45% -56.85%
Operating income 2.31M -5.58M
Net change in cash -4.15M 3.46M 1.04M -6.69M
Cash on hand 3.08M 7.23M 3.77M 2.73M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
24 Jan 20 Gloria E Gebbia Common Stock, $0.01 par value per share Sell Dispose S 1.9 350,000 665K 3,177,283
24 Jan 20 Kennedy Cabot Acquisition Common Stock, $0.01 par value per share Sell Dispose S 1.9 350,000 665K 3,177,283
7 Jan 20 Gloria E Gebbia Common Stock, $0.01 par value per share Gift Aquire G 0 16,800 0 8,194,901
7 Jan 20 Gloria E Gebbia Common Stock, $0.01 par value per share Gift Dispose G 0 78,750 0 7,849,615
7 Jan 20 Andrew H Reich Common Stock, $0.01 par value per share Gift Aquire G 0 11,000 0 16,000
7 Jan 20 Andrew H Reich Common Stock, $0.01 par value per share Gift Dispose G 0 2,000 0 612,134
7 Jan 20 David Gebbia Common Stock, $0.01 par value per share Gift Aquire G 0 13,000 0 35,800
7 Jan 20 David Gebbia Common Stock, $0.01 par value per share Gift Dispose G 0 8,200 0 1,783,514
5.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 31 33 -6.1%
Opened positions 2 4 -50.0%
Closed positions 4 2 +100.0%
Increased positions 15 11 +36.4%
Reduced positions 5 8 -37.5%
13F shares
Current Prev Q Change
Total value 21.5M 23.88M -10.0%
Total shares 1.4M 1.34M +4.9%
Total puts 0 4K -100.0%
Total calls 13.2K 13.5K -2.2%
Total put/call ratio 0.3
Largest owners
Shares Value Change
BLK BlackRock 403.45K $3.49M +0.3%
Vanguard 382.49K $3.31M +0.2%
STT State Street 114.98K $995K +3.9%
NTRS Northern Trust 98.89K $855K -3.8%
Dimensional Fund Advisors 92.41K $799K 0.0%
Geode Capital Management 69.69K $602K +0.3%
Susquehanna International 44.38K $384K +311.9%
STRS Ohio 42.3K $365K 0.0%
BK Bank Of New York Mellon 22.39K $194K 0.0%
Charles Schwab Investment Management 20.33K $176K 0.0%
Largest transactions
Shares Bought/sold Change
Susquehanna International 44.38K +33.6K +311.9%
Citadel Advisors 20.18K +20.18K NEW
Nuveen Asset Management 0 -10.25K EXIT
MS Morgan Stanley 10.2K +8.12K +390.9%
JPM JPMorgan Chase & Co. 10K +7.51K +301.9%
UBS UBS 11.28K +4.45K +65.1%
STT State Street 114.98K +4.31K +3.9%
NTRS Northern Trust 98.89K -3.94K -3.8%
Crewe Advisors 0 -3.9K EXIT
BCS Barclays 7.59K +3.8K +100.2%

Financial report summary

  • Securities market volatility and other securities industry risk could adversely affect our business.
  • Lower price levels in the securities markets may reduce our profitability.
  • There is intense competition in the brokerage industry.
  • Failure to protect client data or prevent breaches of our information systems could expose us to liability or reputational damage.
  • We may be exposed to damage to our business or our reputation by cybersecurity breaches.
  • Our advisory services subject us to additional risks.
  • We are subject to extensive government regulation.
  • Legislation has and may continue to result in changes to rules and regulations applicable to our business, which may negatively impact our business and financial results.
  • We expect that our business will be materially adversely affected by the recent coronavirus (COVID-19) pandemic.
  • A prolonged economic slowdown, volatility in the markets, a recession, and uncertainty in the markets could impair our business and harm our operating results.
  • We are subject to net capital requirements.
  • Our customers may fail to pay us.
  • An increase in volume on our systems or other events could cause them to malfunction.
  • We rely on information processing and communications systems to process and record our transactions.
  • Rapid market or technological changes may render our technology obsolete or decrease the attractiveness of our products and services to our clients.
  • We depend on our ability to attract and retain key personnel.
  • We may be unable to realize the anticipated benefits of our cost cutting efforts or it may take longer than anticipated for us to realize any benefits from increased cost efficiencies or economies of scale, if at all.
  • Our principal shareholder has the ability to control key decisions submitted to a vote of our shareholders.
  • There may be no public market for our Common Stock.
  • Our future ability to pay dividends to holders of our Common Stock is subject to the discretion of our Board of Directors and will be limited by our ability to generate sufficient earnings and cash flows.
  • Potential strategic acquisitions and other business growth could increase costs and regulatory and integration risks.
Management Discussion
  • Our income before income taxes was $4,725,000 for the year ended December 31, 2019 and decreased by $2,635,000 or 36% from the prior year primarily due to a decrease in revenue related to principal transactions and commissions and fees due to market volatility, partially offset by the increase in commissions and fees from the acquisition of Weeden Prime as well as an increase in the advisory business line from our Robo-Advisor. This decrease in revenue was partially offset by the decrease in employee compensation corresponding to these revenue streams such as commissions payouts and clearing fees. In addition, there was an increase in rent and occupancy expense as well as other general and administrative expenses due to the incremental rent and related office expenses of our Jersey City and Miami locations. Lastly, there was an increase in depreciation and amortization expenses related to incremental furniture, equipment and leasehold improvements as well as software purchased in 2019.
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