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

Siebert Financial Stock Performance

Shares of SIEB stock opened at $3.11 on Friday. The stock has a market capitalization of $124.78 million, a price-to-earnings ratio of 11.96 and a beta of 0.33. Siebert Financial has a one year low of $1.41 and a one year high of $3.31. The company’s 50-day simple moving average is $2.74 and its 200-day simple moving average is $2.17. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Investors Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC raised its holdings in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 about 0.52% of Siebert Financial worth $523,000 as of its most recent SEC filing. 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.