StockNews.com Begins Coverage on Siebert Financial (NASDAQ:SIEB)

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

Siebert Financial Trading Up 0.8 %

Siebert Financial stock opened at $2.40 on Tuesday. 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 $3.34. The stock’s 50 day simple moving average is $2.74 and its two-hundred day simple moving average is $2.65. The firm has a market cap of $96.29 million, a PE ratio of 9.23 and a beta of 0.46.

Institutional Investors Weigh In On Siebert Financial

Several hedge funds have recently bought and sold shares of SIEB. Jane Street Group LLC purchased a new position in shares of Siebert Financial during the 4th quarter valued at approximately $37,000. Northern Trust Corp lifted its position in shares of 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 buying an additional 5,323 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of 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 buying an additional 28,600 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of 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 buying an additional 10,053 shares in the last quarter. 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.