StockNews.com Begins Coverage on Siebert Financial (NASDAQ:SIEB)

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

Siebert Financial Stock Down 3.5 %

Shares of NASDAQ SIEB opened at $2.74 on Thursday. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $3.34. The business’s 50 day moving average is $3.03 and its two-hundred day moving average is $2.46. The firm has a market cap of $109.93 million, a price-to-earnings ratio of 10.54 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.

Siebert Financial (NASDAQ:SIEB) last posted its earnings results on Tuesday, November 12th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The firm 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

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC increased its stake in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,788 shares of the financial services provider’s stock after purchasing an additional 85,456 shares during the quarter. Geode Capital Management LLC owned 0.52% of Siebert Financial worth $523,000 at the end of the most recent quarter. 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.