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

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

Siebert Financial Stock Up 1.4 %

SIEB opened at $2.85 on Wednesday. The company has a 50 day moving average of $2.70 and a 200 day moving average of $2.69. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.34. The company has a market cap of $114.34 million, a PE ratio of 10.96 and a beta of 0.45.

Institutional Investors Weigh In On Siebert Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in Siebert Financial during the 4th quarter worth approximately $37,000. Renaissance Technologies LLC increased its holdings 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 worth $123,000 after purchasing an additional 28,600 shares during the period. Northern Trust Corp raised 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 worth $128,000 after buying an additional 5,323 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Siebert Financial by 70.4% during the third quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock valued at $523,000 after buying an additional 85,456 shares during the period. 1.52% of the stock is owned by hedge funds and other institutional investors.

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.