Siebert Financial (NASDAQ:SIEB) Coverage Initiated at StockNews.com

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

Siebert Financial Stock Performance

NASDAQ SIEB opened at $2.86 on Friday. The company has a market cap of $114.75 million, a PE ratio of 11.00 and a beta of 0.30. The stock’s 50 day simple moving average is $2.99 and its 200-day simple moving average is $2.50. 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.

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

Hedge Funds Weigh In On Siebert Financial

Several hedge funds and other institutional investors have recently made changes to their positions in SIEB. Geode Capital Management LLC lifted its position in shares of Siebert Financial by 70.4% in the third quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 85,456 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Siebert Financial by 275.0% in the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 28,600 shares in the last quarter. Northern Trust Corp lifted its position in shares of Siebert Financial by 15.1% in the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 5,323 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Siebert Financial during the fourth quarter worth approximately $37,000. 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.