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

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

Siebert Financial Stock Performance

Shares of SIEB stock opened at $2.22 on Monday. The firm has a market cap of $89.07 million, a P/E ratio of 8.54 and a beta of 0.45. The stock’s 50-day moving average is $2.82 and its two-hundred day moving average is $2.62. Siebert Financial has a fifty-two week low of $1.41 and a fifty-two week high of $3.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13.

Institutional Trading of Siebert Financial

Several hedge funds have recently added to or reduced their stakes in SIEB. Geode Capital Management LLC raised 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 acquiring an additional 85,456 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Siebert Financial by 275.0% in the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 28,600 shares in the last quarter. Jane Street Group LLC acquired a new position in Siebert Financial in the 4th quarter valued at approximately $37,000. Finally, Northern Trust Corp raised its holdings in Siebert Financial by 15.1% in the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 5,323 shares in the last quarter. 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.