Equities researchers at StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB – Get Free Report) in a report released on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.
Siebert Financial Trading Down 3.2 %
NASDAQ SIEB opened at $2.10 on Tuesday. The stock has a market capitalization of $83.12 million, a price-to-earnings ratio of 13.13 and a beta of 0.34. The stock’s 50 day moving average price is $1.88 and its two-hundred day moving average price is $1.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.08 and a current ratio of 1.08. Siebert Financial has a 52 week low of $1.46 and a 52 week high of $3.05.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in SIEB. Millennium Management LLC acquired a new position in Siebert Financial in the 4th quarter valued at $34,000. Northern Trust Corp increased its position in Siebert Financial by 17.9% during the 2nd quarter. Northern Trust Corp now owns 40,001 shares of the financial services provider’s stock worth $99,000 after buying an additional 6,083 shares during the period. Finally, Vanguard Group Inc. increased its position in Siebert Financial by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 137,978 shares of the financial services provider’s stock worth $298,000 after buying an additional 8,413 shares during the period. 1.52% of the stock is owned by institutional investors and hedge funds.
Siebert Financial Company Profile
Siebert Financial Corp., through its subsidiaries, engages in the retail discount brokerage and investment advisory businesses in the United States and Internationally. It offers discount brokerage services, including self-directed trading, wealth management, financial advice, market making and fixed income investment, stock borrow, equity compensation plans, securities lending, equity stock plan, and market making services; independent retail execution services; and retail customer services.
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