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

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

Siebert Financial Price Performance

SIEB stock opened at $3.09 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The stock has a market cap of $123.97 million, a PE ratio of 11.88 and a beta of 0.32. The stock has a 50-day moving average price of $2.98 and a two-hundred day moving average price of $2.36. Siebert Financial has a 1 year low of $1.41 and a 1 year high of $3.34.

Siebert Financial (NASDAQ:SIEB) last released its earnings results on Tuesday, November 12th. The financial services provider reported $0.10 earnings per share for the quarter. The business had revenue of $22.56 million during the quarter. Siebert Financial had a net margin of 12.83% and a return on equity of 13.92%.

Hedge Funds Weigh In On Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC lifted its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 0.52% of Siebert Financial worth $523,000 at the end of the most recent quarter. 1.52% of the stock is owned by institutional investors and hedge funds.

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.