Siebert Financial (NASDAQ:SIEB) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research note released on Wednesday. The brokerage issued a hold rating on the financial services provider’s stock.

Siebert Financial Stock Performance

NASDAQ SIEB opened at $2.75 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $110.33 million, a PE ratio of 10.58 and a beta of 0.45. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $3.34. The company has a 50-day simple moving average of $2.70 and a 200 day simple moving average of $2.68.

Hedge Funds Weigh In On Siebert Financial

Several institutional investors and hedge funds have recently bought and sold shares of SIEB. Geode Capital Management LLC raised its stake in shares of Siebert Financial by 70.4% in the third quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock valued at $523,000 after buying an additional 85,456 shares during the period. Renaissance Technologies LLC raised its stake in Siebert Financial by 275.0% in the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 28,600 shares during the period. Northern Trust Corp lifted its holdings in Siebert Financial by 15.1% during the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 5,323 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Siebert Financial during the fourth quarter worth about $37,000. 1.52% of the stock is owned by 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.