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

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

Siebert Financial Price Performance

Shares of SIEB stock opened at $2.72 on Thursday. The business has a fifty day simple moving average of $2.68 and a 200 day simple moving average of $2.72. The company has a market cap of $109.13 million, a P/E ratio of 10.46 and a beta of 0.30. 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 twelve month low of $1.41 and a twelve month high of $3.34.

Siebert Financial (NASDAQ:SIEB) last posted its earnings results on Monday, March 31st. The financial services provider reported $0.04 EPS for the quarter. Siebert Financial had a net margin of 12.83% and a return on equity of 13.92%. The firm had revenue of $20.02 million during the quarter.

Institutional Trading of Siebert Financial

A number of hedge funds have recently added to or reduced their stakes in SIEB. Jane Street Group LLC acquired a new position in shares of Siebert Financial during the fourth quarter worth $37,000. Renaissance Technologies LLC grew its position in Siebert Financial by 275.0% during the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 28,600 shares during the last quarter. Northern Trust Corp grew its position in Siebert Financial by 15.1% during the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 5,323 shares during the last quarter. Finally, Geode Capital Management LLC increased 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 worth $523,000 after purchasing an additional 85,456 shares in the last quarter. Institutional investors and hedge funds own 1.52% of the company’s stock.

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.