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

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

Siebert Financial Price Performance

NASDAQ SIEB opened at $2.90 on Friday. 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 stock has a market capitalization of $116.35 million, a PE ratio of 11.15 and a beta of 0.33. Siebert Financial has a 12-month low of $1.41 and a 12-month high of $3.31. The company has a 50 day moving average price of $2.72 and a two-hundred day moving average price of $2.17.

Hedge Funds Weigh In On Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC lifted its stake in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 206,788 shares of the financial services provider’s stock after acquiring an additional 85,456 shares during the quarter. Geode Capital Management LLC owned about 0.52% of Siebert Financial worth $523,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.52% of the company’s stock.

About Siebert Financial

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.