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 note issued to investors on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Up 3.9 %

Shares of NASDAQ:SIEB opened at $3.19 on Friday. The company has a 50-day moving average price of $2.87 and a 200 day moving average price of $2.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.31. The company has a market cap of $127.99 million, a price-to-earnings ratio of 12.27 and a beta of 0.32.

Hedge Funds Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC raised its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,788 shares of the financial services provider’s stock after acquiring an additional 85,456 shares during the period. Geode Capital Management LLC owned approximately 0.52% of Siebert Financial worth $523,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 1.52% of the company’s stock.

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.