Siebert Financial (NASDAQ:SIEB) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB) in a report released on Monday. The brokerage issued a hold rating on the financial services provider’s stock.

Siebert Financial Price Performance

Shares of SIEB stock opened at $2.37 on Monday. The firm has a market cap of $95.09 million, a P/E ratio of 9.12 and a beta of 0.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. Siebert Financial has a 1-year low of $1.41 and a 1-year high of $3.34. The firm has a fifty day moving average of $2.80 and a two-hundred day moving average of $2.62.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SIEB. Jane Street Group LLC bought a new stake in shares of Siebert Financial during the 4th quarter valued at about $37,000. Northern Trust Corp grew its position in shares of Siebert Financial by 15.1% during 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 during the last quarter. Renaissance Technologies LLC grew its position in shares of Siebert Financial by 275.0% during 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 during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Siebert Financial by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider’s stock valued at $685,000 after buying an additional 10,053 shares during the last quarter. 1.52% of the stock is owned by institutional investors and hedge funds.

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.