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

Analysts at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEBGet Free Report) in a report released on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Price Performance

Shares of Siebert Financial stock opened at $3.01 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day simple moving average of $2.98 and a two-hundred day simple moving average of $2.36. The stock has a market capitalization of $120.76 million, a P/E ratio of 11.58 and a beta of 0.32. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.34.

Institutional Investors Weigh In On Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC boosted its holdings in shares of Siebert Financial Corp. (NASDAQ:SIEBFree Report) by 70.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,788 shares of the financial services provider’s stock after acquiring an additional 85,456 shares during the period. Geode Capital Management LLC owned 0.52% of Siebert Financial worth $523,000 at the end of the most recent reporting period. 1.52% of the stock is currently owned by hedge funds and other institutional investors.

Siebert Financial Company Profile

(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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