StockNews.com Initiates Coverage on Siebert Financial (NASDAQ:SIEB)

Equities researchers at StockNews.com started coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research report issued on Monday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Price Performance

Shares of SIEB stock opened at $3.00 on Monday. The company’s 50-day simple moving average is $2.93 and its two-hundred day simple moving average is $2.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. Siebert Financial has a one year low of $1.41 and a one year high of $3.34. The company has a market capitalization of $120.36 million, a P/E ratio of 11.54 and a beta of 0.32.

Institutional Investors Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC lifted its position in Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 0.52% of Siebert Financial worth $523,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.