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

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

Siebert Financial Trading Up 2.2 %

Siebert Financial stock opened at $3.73 on Monday. The stock has a market cap of $150.82 million, a P/E ratio of 14.35 and a beta of 0.50. Siebert Financial has a fifty-two week low of $1.41 and a fifty-two week high of $3.80. The firm’s fifty day moving average price is $2.94 and its 200-day moving average price is $2.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13.

Siebert Financial (NASDAQ:SIEB) last announced its earnings results on Monday, March 31st. The financial services provider reported $0.04 earnings per share for the quarter. The business had revenue of $20.02 million for the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%.

Hedge Funds Weigh In On Siebert Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of SIEB. Jane Street Group LLC bought a new stake in shares of Siebert Financial during the 4th quarter worth $37,000. Northern Trust Corp raised its position in Siebert Financial by 15.1% during the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 5,323 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Siebert Financial by 275.0% during the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 28,600 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in 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 during the last quarter. Hedge funds and other institutional investors 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.