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

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

Siebert Financial Stock Up 6.9 %

SIEB stock opened at $3.58 on Friday. Siebert Financial has a one year low of $1.41 and a one year high of $3.66. The company has a 50 day moving average price of $2.74 and a two-hundred day moving average price of $2.79. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $144.75 million, a P/E ratio of 13.77 and a beta of 0.30.

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

Institutional Trading of Siebert Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in Siebert Financial in the fourth quarter valued at about $37,000. Renaissance Technologies LLC boosted its stake in Siebert Financial by 275.0% during the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 28,600 shares in the last quarter. Northern Trust Corp raised its position in Siebert Financial by 15.1% in 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 in the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 valued at $523,000 after purchasing an additional 85,456 shares during the last quarter. 1.52% of the stock is owned by hedge funds and other institutional investors.

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.