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

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

Siebert Financial Stock Down 1.3 %

Siebert Financial stock opened at $2.93 on Wednesday. The firm has a 50 day simple moving average of $3.03 and a 200 day simple moving average of $2.43. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a 1-year low of $1.41 and a 1-year high of $3.34. The firm has a market capitalization of $117.55 million, a price-to-earnings ratio of 11.27 and a beta of 0.32.

Siebert Financial (NASDAQ:SIEB) last announced its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.10 earnings per share for the quarter. The company had revenue of $22.56 million during the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%.

Institutional Trading of Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC grew its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter. 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.