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

Research analysts at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB) in a note issued to investors on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Performance

NASDAQ SIEB opened at $2.85 on Monday. The company has a market cap of $114.34 million, a P/E ratio of 10.96 and a beta of 0.32. Siebert Financial has a 1-year low of $1.41 and a 1-year high of $3.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50-day moving average of $2.94 and a two-hundred day moving average of $2.33.

Institutional Investors Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC increased its stake in Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,788 shares of the financial services provider’s stock after acquiring an additional 85,456 shares during the period. Geode Capital Management LLC owned approximately 0.52% of Siebert Financial worth $523,000 at the end of the most recent reporting period. 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.