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

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

Siebert Financial Trading Up 2.3 %

Shares of SIEB opened at $3.61 on Monday. Siebert Financial has a fifty-two week low of $1.41 and a fifty-two week high of $3.77. The company has a market capitalization of $145.96 million, a PE ratio of 13.88 and a beta of 0.50. The stock has a fifty day moving average of $2.89 and a two-hundred day moving average of $2.87. 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 (NASDAQ:SIEB) last posted its quarterly earnings data on Monday, March 31st. The financial services provider reported $0.04 EPS for the quarter. The company had revenue of $20.02 million during the quarter. Siebert Financial had a net margin of 12.83% and a return on equity of 13.92%.

Institutional Investors Weigh In On Siebert Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Siebert Financial during the 4th quarter worth about $37,000. Northern Trust Corp increased 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 acquiring an additional 5,323 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Siebert Financial by 275.0% in the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 28,600 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Siebert Financial by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider’s stock valued at $685,000 after acquiring an additional 10,053 shares in the last quarter. 1.52% of the stock is currently owned by institutional investors and hedge funds.

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.