Siebert Financial (NASDAQ:SIEB) Earns Hold Rating from Analysts at StockNews.com

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

Siebert Financial Stock Down 3.2 %

Shares of NASDAQ:SIEB opened at $2.72 on Thursday. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.34. The firm has a market cap of $109.13 million, a P/E ratio of 10.46 and a beta of 0.30. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $2.68 and its two-hundred day moving average price is $2.72.

Siebert Financial (NASDAQ:SIEB) last issued its quarterly earnings results on Monday, March 31st. The financial services provider reported $0.04 earnings per share for the quarter. Siebert Financial had a net margin of 12.83% and a return on equity of 13.92%. The business had revenue of $20.02 million during the quarter.

Hedge Funds Weigh In On Siebert Financial

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in 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 worth $523,000 after purchasing an additional 85,456 shares during the period. Jane Street Group LLC bought a new position in shares of Siebert Financial in the 4th quarter valued at about $37,000. Northern Trust Corp grew its position in shares of Siebert Financial by 15.1% during the 4th 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 during the period. Finally, Renaissance Technologies LLC grew its position in shares of Siebert Financial by 275.0% during the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $123,000 after buying an additional 28,600 shares during the period. Institutional investors and hedge funds own 1.52% of the company’s stock.

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.