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

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

Siebert Financial Stock Performance

NASDAQ:SIEB opened at $2.37 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The company has a market cap of $95.09 million, a P/E ratio of 9.12 and a beta of 0.45. Siebert Financial has a fifty-two week low of $1.41 and a fifty-two week high of $3.34. The firm’s 50 day moving average is $2.80 and its two-hundred day moving average is $2.62.

Hedge Funds Weigh In On Siebert Financial

A number of hedge funds have recently made changes to their positions in SIEB. Geode Capital Management LLC raised its stake in shares of Siebert Financial by 70.4% in the 3rd quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 85,456 shares during the period. Renaissance Technologies LLC raised its stake in shares of Siebert Financial by 275.0% in the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 28,600 shares during the period. Jane Street Group LLC purchased a new position in shares of Siebert Financial in the 4th quarter valued at $37,000. Finally, Northern Trust Corp raised its stake in shares of Siebert Financial by 15.1% in the 4th 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 during the period. 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.