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

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

Siebert Financial Trading Up 4.0 %

Shares of NASDAQ:SIEB opened at $2.86 on Friday. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $3.34. The stock has a market cap of $114.75 million, a price-to-earnings ratio of 11.00 and a beta of 0.30. 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 business has a 50-day moving average price of $2.99 and a 200-day moving average price of $2.50.

Siebert Financial (NASDAQ:SIEB) last announced its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $22.56 million during the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%.

Institutional Trading of Siebert Financial

Several hedge funds and other institutional investors have recently bought and sold shares of SIEB. Geode Capital Management LLC grew its holdings in Siebert Financial by 70.4% during the third quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 85,456 shares during the period. Renaissance Technologies LLC grew its holdings in Siebert Financial by 275.0% during the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 28,600 shares during the period. Northern Trust Corp grew its holdings in Siebert Financial by 15.1% during the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 5,323 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Siebert Financial during the fourth quarter worth about $37,000. 1.52% of the stock is 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.