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

Research analysts at StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB) in a note issued to investors on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Trading Up 0.2 %

Shares of SIEB stock opened at $2.38 on Tuesday. Siebert Financial has a 12-month low of $1.41 and a 12-month high of $3.34. The company has a market capitalization of $95.29 million, a PE ratio of 9.13 and a beta of 0.45. The firm has a 50 day moving average price of $2.76 and a two-hundred day moving average price of $2.64. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05.

Institutional Trading of Siebert Financial

Several institutional investors have recently added to or reduced their stakes in SIEB. Northern Trust Corp lifted its holdings in shares of Siebert Financial by 15.1% during the fourth 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 in the last quarter. Geode Capital Management LLC increased its position in Siebert Financial by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 10,053 shares during the period. Jane Street Group LLC acquired a new stake in Siebert Financial in the 4th quarter worth about $37,000. Finally, Renaissance Technologies LLC boosted its holdings in 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 purchasing an additional 28,600 shares during the period. 1.52% of the stock is currently owned by institutional investors.

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.