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

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

Siebert Financial Price Performance

Shares of NASDAQ:SIEB opened at $3.19 on Friday. The firm has a market cap of $127.99 million, a price-to-earnings ratio of 12.27 and a beta of 0.32. The firm has a fifty day moving average price of $2.87 and a 200 day moving average price of $2.25. Siebert Financial has a fifty-two week low of $1.41 and a fifty-two week high of $3.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Inflows and Outflows

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

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.