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

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

Siebert Financial Stock Performance

SIEB opened at $2.40 on Tuesday. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $3.34. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The company has a market cap of $96.29 million, a P/E ratio of 9.23 and a beta of 0.46. The firm’s 50-day moving average price is $2.74 and its 200-day moving average price is $2.65.

Hedge Funds Weigh In On Siebert Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in Siebert Financial by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider’s stock worth $685,000 after buying an additional 10,053 shares during the period. Northern Trust Corp increased its holdings in Siebert Financial by 15.1% in the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock worth $128,000 after buying an additional 5,323 shares during the period. Renaissance Technologies LLC increased its holdings in Siebert Financial by 275.0% in the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $123,000 after buying an additional 28,600 shares during the period. Finally, Jane Street Group LLC acquired a new position in Siebert Financial in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 1.52% of the company’s stock.

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.