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

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

NASDAQ:SIEB opened at $1.37 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03. The company has a fifty day moving average of $1.81 and a two-hundred day moving average of $2.04. The stock has a market capitalization of $44.39 million, a PE ratio of 27.40 and a beta of -0.39. Siebert Financial has a fifty-two week low of $1.35 and a fifty-two week high of $5.35.

Siebert Financial (NASDAQ:SIEB – Get Rating) last posted its quarterly earnings data on Monday, May 23rd. The financial services provider reported ($0.04) earnings per share for the quarter. The company had revenue of $10.34 million for the quarter. Siebert Financial had a return on equity of 3.84% and a net margin of 3.08%.

A hedge fund recently raised its stake in Siebert Financial stock. Advisor Group Holdings Inc. raised its holdings in shares of Siebert Financial Corp. (NASDAQ:SIEB – Get Rating) by 21.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,429 shares of the financial services provider’s stock after buying an additional 6,000 shares during the quarter. Advisor Group Holdings Inc. owned about 0.11% of Siebert Financial worth $78,000 as of its most recent SEC filing. Institutional investors own 61.97% of the company’s stock.

About Siebert Financial (Get Rating)

Siebert Financial Corp., through its subsidiaries, engages in the retail discount brokerage and investment advisory businesses in the United States and Internationally. It offers discount brokerage services, including self-directed trading, wealth management, financial advice, market making and fixed income investment, stock borrow, equity compensation plans, securities lending, equity stock plan, and market making services; independent retail execution services; and retail customer services.

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