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

StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research report sent to investors on Saturday. The firm issued a hold rating on the financial services provider’s stock.

Siebert Financial Trading Down 1.0 %

NASDAQ:SIEB opened at $3.04 on Friday. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.31. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $121.97 million, a price-to-earnings ratio of 11.69 and a beta of 0.33. The firm has a fifty day simple moving average of $2.81 and a two-hundred day simple moving average of $2.20.

Hedge Funds Weigh In On Siebert Financial

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

Siebert Financial Company Profile

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.