StockNews.com Begins Coverage on Siebert Financial (NASDAQ:SIEB)

StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research note released on Tuesday. The brokerage issued a hold rating on the financial services provider’s stock.

Siebert Financial Price Performance

Shares of NASDAQ:SIEB opened at $2.87 on Tuesday. The firm has a 50 day simple moving average of $2.53 and a 200 day simple moving average of $2.09. The company has a market cap of $115.14 million, a price-to-earnings ratio of 11.04 and a beta of 0.31. Siebert Financial has a one year low of $1.41 and a one year high of $2.96. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC raised its holdings in Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm 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 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.

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.