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

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

Siebert Financial Stock Performance

Shares of SIEB opened at $2.88 on Monday. The stock has a market capitalization of $115.55 million, a PE ratio of 11.08 and a beta of 0.32. The business’s fifty day moving average price is $2.95 and its 200 day moving average price is $2.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. Siebert Financial has a 12-month low of $1.41 and a 12-month high of $3.34.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC boosted its holdings in Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,788 shares of the financial services provider’s stock after acquiring an additional 85,456 shares during the period. Geode Capital Management LLC owned about 0.52% of Siebert Financial worth $523,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.