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

Investment analysts at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB) in a report released on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Siebert Financial Trading Down 1.0 %

Shares of SIEB stock opened at $3.02 on Wednesday. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.08. The company has a market cap of $121.16 million, a PE ratio of 11.62 and a beta of 0.33. 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 business’s 50 day moving average is $2.56 and its two-hundred day moving average is $2.10.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC lifted its holdings in Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 206,788 shares of the financial services provider’s stock after purchasing an additional 85,456 shares during the period. Geode Capital Management LLC owned 0.52% of Siebert Financial worth $523,000 as of its most recent filing with the SEC. 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.