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

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

Siebert Financial Trading Up 0.7 %

Shares of Siebert Financial stock opened at $2.84 on Thursday. The company’s 50-day moving average price is $3.03 and its 200-day moving average price is $2.46. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a 12-month low of $1.41 and a 12-month high of $3.34. The company has a market cap of $113.94 million, a price-to-earnings ratio of 10.92 and a beta of 0.30.

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

Hedge Funds Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC grew its holdings in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 about 0.52% of Siebert Financial worth $523,000 at the end of the most recent quarter. Hedge funds and other 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.