Siebert Financial (NASDAQ:SIEB) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com started 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

SIEB stock opened at $2.60 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. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.34. The firm has a market cap of $104.31 million, a P/E ratio of 10.00 and a beta of 0.30. The company’s 50-day moving average price is $2.92 and its two-hundred day moving average price is $2.58.

Hedge Funds Weigh In On Siebert Financial

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Siebert Financial by 70.4% in the 3rd quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock valued at $523,000 after buying an additional 85,456 shares during the period. Jane Street Group LLC bought a new position in Siebert Financial in the 4th quarter valued at about $37,000. Northern Trust Corp increased its holdings in Siebert Financial by 15.1% in the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock valued at $128,000 after buying an additional 5,323 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Siebert Financial by 275.0% in the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after buying an additional 28,600 shares during the period. 1.52% of the stock is owned by 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.