StockNews.com Begins Coverage on Siebert Financial (NASDAQ:SIEB)

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

Siebert Financial Stock Up 3.6 %

Shares of SIEB stock opened at $3.20 on Thursday. Siebert Financial has a one year low of $1.41 and a one year high of $3.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a fifty day moving average price of $2.67 and a 200 day moving average price of $2.15. The stock has a market cap of $128.38 million, a P/E ratio of 12.31 and a beta of 0.33.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC increased its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,788 shares of the financial services provider’s stock after purchasing an additional 85,456 shares during the quarter. Geode Capital Management LLC owned approximately 0.52% of Siebert Financial worth $523,000 at the end of the most recent quarter. 1.52% of the stock is currently owned by institutional investors and hedge funds.

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.