Siebert Financial (NASDAQ:SIEB) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB) in a report released on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Up 1.4 %

Shares of NASDAQ:SIEB opened at $2.89 on Tuesday. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $2.93. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $2.45 and its 200 day moving average is $2.07. The stock has a market cap of $115.95 million, a P/E ratio of 11.12 and a beta of 0.31.

Institutional Investors Weigh In On Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC raised its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 206,788 shares of the financial services provider’s stock after buying an additional 85,456 shares during the quarter. Geode Capital Management LLC owned about 0.52% of Siebert Financial worth $523,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.52% of the company’s stock.

Siebert Financial Company Profile

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.