Siebert Financial (NASDAQ:SIEB) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research note issued on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Down 1.0 %

NASDAQ SIEB opened at $3.02 on Wednesday. The company has a market capitalization of $121.16 million, a P/E ratio of 11.62 and a beta of 0.33. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.08. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The company’s 50 day simple moving average is $2.56 and its 200 day simple moving average is $2.10.

Hedge Funds Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC grew its stake in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 206,788 shares of the financial services provider’s stock after acquiring an additional 85,456 shares during the period. Geode Capital Management LLC owned 0.52% of Siebert Financial worth $523,000 as of its most recent SEC filing. 1.52% of the stock is currently owned by institutional investors and hedge funds.

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.