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

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

Siebert Financial Stock Performance

Siebert Financial stock opened at $3.09 on Thursday. The stock has a 50-day simple moving average of $2.65 and a 200 day simple moving average of $2.14. The stock has a market capitalization of $123.97 million, a price-to-earnings ratio of 11.88 and a beta of 0.33. The company has a quick ratio of 1.13, a current 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 $3.31.

Hedge Funds Weigh In On Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC increased its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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. 1.52% of the stock is currently owned by hedge funds and other 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.