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

StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB) in a report issued on Monday. The brokerage issued a hold rating on the financial services provider’s stock.

Siebert Financial Price Performance

Shares of NASDAQ SIEB opened at $2.75 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s 50 day simple moving average is $2.42 and its 200-day simple moving average is $2.06. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $2.79. The stock has a market capitalization of $110.33 million, a price-to-earnings ratio of 10.62 and a beta of 0.31.

Institutional Investors Weigh In On Siebert Financial

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