Siebert Financial (NASDAQ:SIEB) Now Covered by Analysts at StockNews.com

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

Siebert Financial Price Performance

NASDAQ SIEB opened at $3.19 on Friday. Siebert Financial has a 1 year low of $1.41 and a 1 year high of $3.31. The business’s fifty day moving average is $2.87 and its two-hundred day moving average is $2.25. The stock has a market capitalization of $127.99 million, a P/E ratio of 12.27 and a beta of 0.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13.

Hedge Funds Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC lifted its position in Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206,788 shares of the financial services provider’s stock after acquiring an additional 85,456 shares during the period. Geode Capital Management LLC owned about 0.52% of Siebert Financial worth $523,000 as of its most recent SEC filing. 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.