Siebert Financial (NASDAQ:SIEB) Coverage Initiated by Analysts at StockNews.com

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

Siebert Financial Stock Down 2.0 %

Shares of NASDAQ SIEB opened at $2.94 on Monday. Siebert Financial has a 1 year low of $1.41 and a 1 year high of $3.34. The firm’s 50 day moving average price is $2.94 and its 200 day moving average price is $2.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $117.96 million, a P/E ratio of 11.31 and a beta of 0.32.

Hedge Funds Weigh In On Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC grew its stake in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 206,788 shares of the financial services provider’s stock after buying an additional 85,456 shares during the period. Geode Capital Management LLC owned 0.52% of Siebert Financial worth $523,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.52% of the company’s stock.

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.