Siebert Financial (NASDAQ:SIEB) Coverage Initiated by Analysts at StockNews.com

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

Siebert Financial Price Performance

Shares of NASDAQ SIEB opened at $2.79 on Wednesday. The firm has a 50-day moving average of $2.71 and a two-hundred day moving average of $2.68. The company has a market capitalization of $111.94 million, a price-to-earnings ratio of 10.73 and a beta of 0.45. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a twelve month low of $1.41 and a twelve month high of $3.34.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SIEB. Jane Street Group LLC bought a new stake in shares of Siebert Financial during the 4th quarter worth $37,000. Renaissance Technologies LLC lifted its holdings in shares of Siebert Financial by 275.0% during the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 28,600 shares during the last quarter. Northern Trust Corp boosted its position in shares of 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 purchasing an additional 5,323 shares during the period. Finally, Geode Capital Management LLC increased its stake 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 worth $523,000 after purchasing an additional 85,456 shares in the last quarter. 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.