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 research note published on Friday. The brokerage issued a hold rating on the financial services provider’s stock.

Siebert Financial Price Performance

SIEB stock opened at $3.11 on Friday. The firm has a 50 day moving average of $2.74 and a 200-day moving average of $2.17. The company has a market cap of $124.77 million, a price-to-earnings ratio of 11.96 and a beta of 0.33. 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 12-month low of $1.41 and a 12-month high of $3.31.

Institutional Trading of Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC lifted its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 206,788 shares of the financial services provider’s stock after buying an additional 85,456 shares during the quarter. 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 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.