Siebert Financial (NASDAQ:SIEB) Now Covered by StockNews.com

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

Siebert Financial Stock Down 0.4 %

Shares of NASDAQ SIEB opened at $2.68 on Monday. The stock has a market capitalization of $107.52 million, a P/E ratio of 10.31 and a beta of 0.31. Siebert Financial has a one year low of $1.41 and a one year high of $2.79. The firm’s 50 day simple moving average is $2.38 and its two-hundred day simple moving average is $2.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.11.

Hedge Funds Weigh In On Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC grew its stake in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,788 shares of the financial services provider’s stock after buying an additional 85,456 shares during the quarter. Geode Capital Management LLC owned 0.52% of Siebert Financial worth $523,000 at the end of the most recent quarter. 1.52% of the stock is owned by hedge funds and other institutional investors.

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.