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

Research analysts at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB) in a note issued to investors on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Trading Down 3.6 %

Shares of SIEB stock opened at $2.98 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The stock has a market cap of $119.56 million, a P/E ratio of 11.46 and a beta of 0.32. The stock has a 50 day simple moving average of $2.99 and a 200 day simple moving average of $2.38. Siebert Financial has a 1 year low of $1.41 and a 1 year high of $3.34.

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

Institutional Inflows and Outflows

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% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,788 shares of the financial services provider’s stock after purchasing an additional 85,456 shares during the period. Geode Capital Management LLC owned approximately 0.52% of Siebert Financial worth $523,000 at the end of the most recent reporting period. Hedge funds and other 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.