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

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

Siebert Financial Stock Performance

Shares of NASDAQ:SIEB opened at $3.04 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a 1-year low of $1.41 and a 1-year high of $3.31. The stock has a market capitalization of $121.97 million, a P/E ratio of 11.69 and a beta of 0.33. The business has a 50-day moving average price of $2.79 and a two-hundred day moving average price of $2.20.

Hedge Funds Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC increased its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 SEC filing. 1.52% of the stock is 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.