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

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

Siebert Financial Stock Performance

NASDAQ SIEB opened at $2.99 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $119.96 million, a P/E ratio of 11.50 and a beta of 0.32. The stock has a 50-day moving average of $3.02 and a two-hundred day moving average of $2.42. Siebert Financial has a 1-year low of $1.41 and a 1-year high of $3.34.

Siebert Financial (NASDAQ:SIEB) last announced its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.10 earnings per share for the quarter. Siebert Financial had a net margin of 12.83% and a return on equity of 13.92%. The firm had revenue of $22.56 million during the quarter.

Institutional Trading of Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC boosted its stake in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,788 shares of the financial services provider’s stock after purchasing an additional 85,456 shares during the quarter. Geode Capital Management LLC owned approximately 0.52% of Siebert Financial worth $523,000 as of its most recent SEC filing. 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.