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

Equities researchers at StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Performance

Shares of SIEB opened at $2.71 on Thursday. Siebert Financial has a 52 week low of $1.41 and a 52 week high of $3.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day moving average price of $3.02 and a two-hundred day moving average price of $2.46. The firm has a market capitalization of $108.73 million, a P/E ratio of 10.42 and a beta of 0.30.

Siebert Financial (NASDAQ:SIEB) last announced its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%. The business had revenue of $22.56 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC grew its position 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 buying 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 filing with the Securities & Exchange Commission. 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.