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

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

Siebert Financial Price Performance

SIEB stock opened at $2.99 on Wednesday. Siebert Financial has a 1 year low of $1.41 and a 1 year high of $3.34. 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 firm has a market capitalization of $119.96 million, a PE ratio of 11.50 and a beta of 0.32. The business has a 50 day simple moving average of $3.02 and a 200-day simple moving average of $2.42.

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

Institutional Trading of Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC boosted its holdings 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 & 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 at the end of the most recent quarter. 1.52% of the stock is currently owned by institutional investors and hedge funds.

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.