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

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

Siebert Financial Trading Up 1.4 %

Siebert Financial stock opened at $2.89 on Tuesday. The stock has a 50-day moving average price of $2.45 and a 200 day moving average price of $2.07. The company has a market capitalization of $115.95 million, a price-to-earnings ratio of 11.12 and a beta of 0.31. 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 52 week low of $1.41 and a 52 week high of $2.93.

Hedge Funds Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC boosted its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 206,788 shares of the financial services provider’s stock after buying 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 currently owned by 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.