Financial Sector Gainers: Noah Holdings Limited (NYSE:NOAH), Calamos Asset Management (NASDAQ:CLMS), Siebert Financial (NASDAQ:SIEB), Marcus & Millichap (NYSE:MMI)
Noah Holdings (NYSE:NOAH) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, compelling growth in net income, impressive record of earnings per share growth and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Noah Holdings Limited (ADR) (NYSE:NOAH) shares after opening at $15.76 moved to $16.72 on last trade day and at the end of the day closed at $16.60. Company price to sales ratio in past twelve months was calculated as 12.73 and price to cash ratio as 9.10. Noah Holdings Limited (ADR) (NYSE:NOAH) showed a positive weekly performance of 9.07%.
Calamos Asset Management (NASDAQ:CLMS) CEO John Sr Calamos, Sr. purchased 56,251 shares of the company’s stock on the open market in a transaction that occurred on Friday, March 14th. The stock was purchased at an average price of $12.66 per share, for a total transaction of $712,137.66. Following the purchase, the chief executive officer now directly owns 2,913,843 shares in the company, valued at approximately $36,889,252. Calamos Asset Management, Inc (NASDAQ:CLMS) shares advanced 5.17% in last trading session and ended the day on $13.43. CLMS return on equity ratio is recorded as 6.20% and its return on assets is 2.00%. Calamos Asset Management, Inc (NASDAQ:CLMS) yearly performance is 21.98%.
Siebert Financial Corp. (NASDAQ:SIEB) is a holding company. The Company conducts its retail discount brokerage and investment banking business through its wholly owned subsidiary, Muriel Siebert & Co., Inc. Siebert’s principal activity is providing Internet and traditional discount brokerage and related services to retail investors and, through its wholly owned subsidiary, Siebert Women’s Financial Network, Inc. (WFN), providing products, services and information devoted to women’s financial needs. Siebert Financial Corp. (NASDAQ:SIEB) shares moved up 58.82% in last trading session and was closed at $3.24, while trading in range of $2.03-$3.99. Siebert Financial Corp. (NASDAQ:SIEB) year to date performance is 101.24%.
Marcus & Millichap Inc (NYSE:MMI) is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company also offers market research, consulting and advisory services to its clients. The Company focuses primarily on the private client segment. Marcus & Millichap Inc (NYSE:MMI) weekly performance is 7.36%. On last trading day company shares ended up $18.24. Marcus & Millichap Inc (NYSE:MMI) distance from 50-day simple moving average is 14.60%.