Siebert Financial (NASDAQ:SIEB) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Performance

NASDAQ:SIEB opened at $3.27 on Friday. 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 firm’s 50-day moving average is $2.88 and its 200-day moving average is $2.27. 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 $131.20 million, a price-to-earnings ratio of 12.58 and a beta of 0.32.

Institutional Trading of Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC grew its stake in Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the 3rd quarter, according to the company in its most recent 13F 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 period. Geode Capital Management LLC owned approximately 0.52% of Siebert Financial worth $523,000 as of its most recent filing with the Securities and Exchange Commission. 1.52% of the stock is currently owned by hedge funds and other 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.