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

StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB) in a report published on Sunday. The brokerage issued a hold rating on the financial services provider’s stock.

Siebert Financial Price Performance

Shares of NASDAQ SIEB opened at $2.11 on Friday. Siebert Financial has a fifty-two week low of $1.46 and a fifty-two week high of $3.05. The firm’s 50-day simple moving average is $1.80 and its 200 day simple moving average is $1.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $83.51 million, a price-to-earnings ratio of 13.19 and a beta of 0.30.

Hedge Funds Weigh In On Siebert Financial

Several hedge funds have recently modified their holdings of the company. Northern Trust Corp lifted its position in shares of Siebert Financial by 17.9% during the 2nd quarter. Northern Trust Corp now owns 40,001 shares of the financial services provider’s stock worth $99,000 after buying an additional 6,083 shares in the last quarter. Millennium Management LLC purchased a new position in Siebert Financial in the 4th quarter valued at approximately $34,000. Finally, Vanguard Group Inc. grew its stake in Siebert Financial by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 137,978 shares of the financial services provider’s stock valued at $298,000 after buying an additional 8,413 shares in the last quarter. Institutional investors own 1.52% of the company’s stock.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail discount brokerage and investment advisory businesses in the United States and Internationally. It offers discount brokerage services, including self-directed trading, wealth management, financial advice, market making and fixed income investment, stock borrow, equity compensation plans, securities lending, equity stock plan, and market making services; independent retail execution services; and retail customer services.