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

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

Siebert Financial Stock Performance

Shares of SIEB stock opened at $3.35 on Friday. The company has a market cap of $135.45 million, a P/E ratio of 12.88 and a beta of 0.30. The firm has a fifty day moving average price of $2.72 and a 200 day moving average price of $2.77. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.38.

Siebert Financial (NASDAQ:SIEB) last released its quarterly earnings data on Monday, March 31st. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%. The business had revenue of $20.02 million during the quarter.

Hedge Funds Weigh In On Siebert Financial

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in shares of Siebert Financial in the 4th quarter valued at $37,000. Renaissance Technologies LLC lifted its position in Siebert Financial by 275.0% in the fourth 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 last quarter. Northern Trust Corp lifted its position 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 valued at $128,000 after acquiring an additional 5,323 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Siebert Financial by 70.4% in the third quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 85,456 shares in the last quarter. 1.52% of the stock is currently owned by hedge funds and other institutional investors.

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.