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

Investment analysts at StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Down 0.7 %

NASDAQ SIEB opened at $2.97 on Wednesday. Siebert Financial has a 1-year low of $1.41 and a 1-year high of $3.34. 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’s 50 day moving average is $3.03 and its two-hundred day moving average is $2.42. The company has a market capitalization of $119.16 million, a price-to-earnings ratio of 11.42 and a beta of 0.32.

Siebert Financial (NASDAQ:SIEB) last posted its earnings results on Tuesday, November 12th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The company 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%.

Institutional Trading of Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC lifted its holdings in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,788 shares of the financial services provider’s stock after buying an additional 85,456 shares during the quarter. Geode Capital Management LLC owned about 0.52% of Siebert Financial worth $523,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.