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

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

Siebert Financial Stock Up 3.9 %

NASDAQ:SIEB opened at $3.19 on Friday. The business’s fifty day moving average price is $2.87 and its 200 day moving average price is $2.25. The firm has a market capitalization of $127.99 million, a price-to-earnings ratio of 12.27 and a beta of 0.32. 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 1-year low of $1.41 and a 1-year high of $3.31.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC raised its stake in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,788 shares of the financial services provider’s stock after buying 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. 1.52% of the stock is owned by hedge funds and other institutional investors.

Siebert Financial Company Profile

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.