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

Stock analysts at StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB) in a report issued on Friday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Up 5.1 %

Siebert Financial stock opened at $2.90 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. Siebert Financial has a fifty-two week low of $1.41 and a fifty-two week high of $3.31. The firm has a fifty day moving average price of $2.72 and a two-hundred day moving average price of $2.17. The firm has a market cap of $116.35 million, a price-to-earnings ratio of 11.15 and a beta of 0.33.

Institutional Trading of 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 the company in 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 buying an additional 85,456 shares during the quarter. Geode Capital Management LLC owned about 0.52% of Siebert Financial worth $523,000 as of its most recent SEC filing. 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.