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

Investment analysts at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEBGet Free Report) 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

(Get Free Report)

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.

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