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

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

Siebert Financial Stock Down 3.4 %

Shares of Siebert Financial stock opened at $3.16 on Friday. The firm has a market cap of $126.78 million, a price-to-earnings ratio of 12.15 and a beta of 0.32. Siebert Financial has a one year low of $1.41 and a one year high of $3.34. The stock’s 50-day moving average is $2.89 and its 200 day moving average is $2.28. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13.

Institutional Investors Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC boosted its holdings in Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the 3rd 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 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 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.