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

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

Siebert Financial Stock Performance

Shares of NASDAQ SIEB opened at $3.27 on Friday. The business’s 50-day simple moving average is $2.88 and its 200-day simple moving average is $2.27. Siebert Financial has a 52 week low of $1.41 and a 52 week high of $3.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $131.20 million, a price-to-earnings ratio of 12.58 and a beta of 0.32.

Institutional Trading of Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC boosted its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter. 1.52% of the stock is currently owned by institutional investors.

Siebert Financial Company Profile

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.