Siebert Financial (NASDAQ:SIEB) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB) in a report published on Tuesday. The firm issued a hold rating on the financial services provider’s stock.

Siebert Financial Stock Performance

Siebert Financial stock opened at $2.64 on Tuesday. 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 company has a market capitalization of $105.92 million, a P/E ratio of 10.15 and a beta of 0.46. The stock’s 50 day moving average is $2.72 and its 200 day moving average is $2.65. Siebert Financial has a twelve month low of $1.41 and a twelve month high of $3.34.

Institutional Trading of Siebert Financial

Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in 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 purchasing an additional 10,053 shares during the last quarter. Northern Trust Corp boosted its stake 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 valued at $128,000 after purchasing an additional 5,323 shares during the last quarter. Renaissance Technologies LLC boosted its stake 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 valued at $123,000 after purchasing an additional 28,600 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Siebert Financial during the 4th quarter valued at $37,000. 1.52% of the stock is currently 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.