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

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

Siebert Financial Stock Performance

SIEB opened at $2.72 on Thursday. The stock has a 50-day moving average of $2.68 and a 200-day moving average of $2.72. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $3.34. The company has a market cap of $109.13 million, a PE ratio of 10.46 and a beta of 0.30.

Siebert Financial (NASDAQ:SIEB) last announced its earnings results on Monday, March 31st. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%. The firm had revenue of $20.02 million during the quarter.

Hedge Funds Weigh In On Siebert Financial

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in Siebert Financial by 70.4% in the 3rd quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock valued at $523,000 after buying an additional 85,456 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Siebert Financial by 275.0% in 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 last quarter. Jane Street Group LLC bought a new position in Siebert Financial during the fourth quarter worth $37,000. Finally, Northern Trust Corp raised its stake in Siebert Financial by 15.1% during the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 5,323 shares during the last quarter. 1.52% of the stock is currently owned by institutional investors.

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.