Siebert Financial (NASDAQ:SIEB) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Down 3.6 %

Shares of NASDAQ:SIEB opened at $2.98 on Tuesday. The company has a fifty day moving average of $2.99 and a 200-day moving average of $2.38. The company has a market capitalization of $119.56 million, a PE ratio of 11.46 and a beta of 0.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $3.34.

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

Institutional Trading of Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC raised its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 206,788 shares of the financial services provider’s stock after acquiring an additional 85,456 shares during the quarter. Geode Capital Management LLC owned about 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.