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

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

Siebert Financial Stock Up 7.2 %

Shares of SIEB opened at $3.11 on Friday. The firm has a fifty day moving average price of $2.74 and a 200-day moving average price of $2.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $124.77 million, a P/E ratio of 11.96 and a beta of 0.33. Siebert Financial has a 12-month low of $1.41 and a 12-month high of $3.31.

Institutional Trading of Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC boosted its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,788 shares of the financial services provider’s stock after purchasing 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 filing with the Securities & Exchange Commission. 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.