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

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

Siebert Financial Price Performance

SIEB stock opened at $2.10 on Tuesday. Siebert Financial has a 1 year low of $1.46 and a 1 year high of $3.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $83.12 million, a PE ratio of 13.13 and a beta of 0.34. The business has a 50 day simple moving average of $1.91 and a 200-day simple moving average of $1.81.

Hedge Funds Weigh In On Siebert Financial

Institutional investors have recently bought and sold shares of the company. Millennium Management LLC acquired a new stake in shares of Siebert Financial during the 4th quarter worth approximately $34,000. Vanguard Group Inc. increased its stake in Siebert Financial by 6.5% during the first quarter. Vanguard Group Inc. now owns 137,978 shares of the financial services provider’s stock worth $298,000 after acquiring an additional 8,413 shares during the last quarter. Finally, Northern Trust Corp raised its position in Siebert Financial by 17.9% in the second quarter. Northern Trust Corp now owns 40,001 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 6,083 shares during the period. 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 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.