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

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

Siebert Financial Trading Down 2.0 %

Shares of SIEB stock opened at $2.94 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a fifty-two week low of $1.41 and a fifty-two week high of $3.34. The firm’s 50 day moving average price is $2.94 and its two-hundred day moving average price is $2.32. The stock has a market cap of $117.96 million, a price-to-earnings ratio of 11.31 and a beta of 0.32.

Institutional Investors Weigh In On Siebert Financial

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

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.