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

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

Siebert Financial Stock Up 1.6 %

NASDAQ SIEB opened at $2.49 on Friday. The stock’s 50-day moving average price is $2.91 and its 200-day moving average price is $2.60. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a 52 week low of $1.41 and a 52 week high of $3.34. The company has a market capitalization of $99.90 million, a P/E ratio of 9.58 and a beta of 0.30.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of Siebert Financial by 70.4% during the third quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 85,456 shares in the last quarter. Renaissance Technologies LLC grew its position 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 worth $123,000 after purchasing an additional 28,600 shares in the last quarter. Northern Trust Corp grew its position in shares of Siebert Financial by 15.1% during the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 5,323 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Siebert Financial during the fourth quarter worth about $37,000. Institutional investors own 1.52% of the company’s stock.

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.