Equities researchers at StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB – Get Free Report) in a report released on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.
Siebert Financial Price Performance
SIEB opened at $2.45 on Friday. The company has a market capitalization of $98.30 million, a P/E ratio of 9.42 and a beta of 0.30. The company has a 50-day moving average of $2.92 and a 200-day moving average of $2.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. Siebert Financial has a 1-year low of $1.41 and a 1-year high of $3.34.
Institutional Trading of Siebert Financial
Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Siebert Financial by 70.4% in the 3rd quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 85,456 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Siebert Financial by 275.0% during 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 last quarter. Northern Trust Corp boosted its holdings in 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 purchasing an additional 5,323 shares during the period. Finally, Jane Street Group LLC bought a new stake in Siebert Financial during the fourth quarter valued at $37,000. 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.
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