Siebert Financial (NASDAQ:SIEB) Coverage Initiated at StockNews.com

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

Siebert Financial Stock Performance

Shares of SIEB stock opened at $2.45 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The company has a market cap of $98.30 million, a PE ratio of 9.42 and a beta of 0.30. The company’s fifty day simple moving average is $2.92 and its 200-day simple moving average is $2.59. Siebert Financial has a 52 week low of $1.41 and a 52 week high of $3.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of Siebert Financial during the 4th quarter valued at about $37,000. Northern Trust Corp grew its position in Siebert Financial by 15.1% in the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 5,323 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Siebert Financial by 275.0% during the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 28,600 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Siebert Financial by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider’s stock worth $685,000 after purchasing an additional 10,053 shares in the last quarter. Institutional investors and hedge funds own 1.52% of the company’s stock.

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.