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

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

Siebert Financial Trading Up 6.3 %

NASDAQ:SIEB opened at $2.55 on Tuesday. Siebert Financial has a twelve month low of $1.41 and a twelve month high of $3.34. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $2.73 and a two-hundred day moving average price of $2.65. The company has a market cap of $102.31 million, a P/E ratio of 9.81 and a beta of 0.46.

Institutional Investors Weigh In On Siebert Financial

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in Siebert Financial in the 4th quarter valued at $37,000. Renaissance Technologies LLC grew its holdings in Siebert Financial by 275.0% in the 4th 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 in the last quarter. Northern Trust Corp grew its holdings in 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 buying an additional 5,323 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 valued at $523,000 after buying an additional 85,456 shares in the last quarter. 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.

Further Reading

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