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

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

Siebert Financial Stock Down 3.6 %

Siebert Financial stock opened at $2.69 on Friday. The stock’s fifty day moving average is $2.96 and its two-hundred day moving average is $2.55. The stock has a market cap of $107.92 million, a PE ratio of 10.35 and a beta of 0.30. Siebert Financial has a 1-year low of $1.41 and a 1-year 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.

Hedge Funds Weigh In On Siebert Financial

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 85,456 shares in the last quarter. Jane Street Group LLC purchased a new stake in Siebert Financial in the fourth quarter valued at $37,000. Northern Trust Corp boosted its stake in Siebert Financial by 15.1% in 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 in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Siebert Financial by 275.0% during the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 28,600 shares during the last quarter. 1.52% of the stock is currently owned by hedge funds and other 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.