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 report report published on Tuesday. The brokerage issued a hold rating on the financial services provider’s stock.

Siebert Financial Price Performance

Shares of Siebert Financial stock opened at $2.64 on Tuesday. Siebert Financial has a one year low of $1.41 and a one year high of $3.34. The stock’s fifty day moving average is $2.72 and its 200 day moving average is $2.65. The stock has a market cap of $105.92 million, a P/E ratio of 10.15 and a beta of 0.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Investors Weigh In On Siebert Financial

A number of institutional investors and hedge funds have recently bought and sold shares of SIEB. Jane Street Group LLC bought a new stake in Siebert Financial during the fourth quarter valued at about $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 valued at $123,000 after acquiring an additional 28,600 shares during the period. Northern Trust Corp raised its holdings in Siebert Financial by 15.1% during the fourth 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 during the period. Finally, Geode Capital Management LLC grew its position in shares of Siebert Financial by 70.4% during the third 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.

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.