Siebert Financial (NASDAQ:SIEB) Earns Hold Rating from Analysts at StockNews.com

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

Siebert Financial Stock Down 3.6 %

Siebert Financial stock opened at $2.69 on Friday. The stock has a market capitalization of $107.92 million, a price-to-earnings ratio of 10.35 and a beta of 0.30. 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 stock has a 50 day moving average of $2.96 and a two-hundred day moving average of $2.55. Siebert Financial has a twelve month low of $1.41 and a twelve month high of $3.34.

Hedge Funds Weigh In On Siebert Financial

Several institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in shares of Siebert Financial in the 4th quarter worth $37,000. Renaissance Technologies LLC raised its holdings in Siebert Financial by 275.0% during the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 28,600 shares in the last quarter. Northern Trust Corp lifted its position in Siebert Financial by 15.1% in 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 period. Finally, Geode Capital Management LLC boosted its holdings in Siebert Financial by 70.4% in the 3rd quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 85,456 shares in the last quarter. 1.52% of the stock is owned by institutional investors and hedge funds.

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.