Siebert Financial (NASDAQ:SIEB) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Trading Down 1.0 %

NASDAQ SIEB opened at $3.04 on Friday. 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 firm has a market cap of $121.97 million, a P/E ratio of 11.69 and a beta of 0.33. The stock’s 50-day moving average is $2.79 and its 200-day moving average is $2.20.

Institutional Investors Weigh In On Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC increased its stake in Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 approximately 0.52% of Siebert Financial worth $523,000 as of its most recent filing with the Securities and Exchange Commission. 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.