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

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

Siebert Financial Price Performance

Shares of NASDAQ SIEB opened at $2.69 on Monday. The stock has a market cap of $107.93 million, a price-to-earnings ratio of 10.35 and a beta of 0.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.11 and a current ratio of 1.13. Siebert Financial has a fifty-two week low of $1.41 and a fifty-two week high of $2.79. The firm’s 50-day simple moving average is $2.38 and its 200 day simple moving average is $2.05.

Institutional Investors Weigh In On Siebert Financial

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

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.