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

Equities researchers at StockNews.com started coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research report issued on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Price Performance

SIEB opened at $2.97 on Wednesday. The stock has a market cap of $119.16 million, a P/E ratio of 11.42 and a beta of 0.32. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.34. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $3.03 and a 200 day simple moving average of $2.42.

Siebert Financial (NASDAQ:SIEB) last announced its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $22.56 million during the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC boosted its stake in Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,788 shares of the financial services provider’s stock after acquiring an additional 85,456 shares during the quarter. Geode Capital Management LLC owned 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.

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.