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

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

Siebert Financial Trading Up 0.2 %

Shares of Siebert Financial stock opened at $2.38 on Tuesday. The stock has a market cap of $95.29 million, a P/E ratio of 9.13 and a beta of 0.45. 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 business’s 50 day moving average is $2.76 and its 200-day moving average is $2.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in Siebert Financial in the 4th quarter valued at about $37,000. Renaissance Technologies LLC raised its stake in Siebert Financial by 275.0% in the fourth 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. Northern Trust Corp lifted its position in shares of Siebert Financial by 15.1% in the fourth 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 last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Siebert Financial by 70.4% during the 3rd quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 85,456 shares during the period. Institutional investors 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.