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

Equities researchers at StockNews.com started coverage on shares of Siebert Financial (NASDAQ:SIEB) in a report released on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Performance

Shares of SIEB opened at $3.61 on Tuesday. The stock has a 50 day moving average price of $3.09 and a 200 day moving average price of $2.93. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $145.96 million, a price-to-earnings ratio of 13.88 and a beta of 0.50. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $4.38.

Siebert Financial (NASDAQ:SIEB) last issued its quarterly earnings data on Tuesday, May 13th. The financial services provider reported $0.22 earnings per share for the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%. The company had revenue of $28.92 million during the quarter.

Institutional Investors Weigh In On Siebert Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SIEB. Geode Capital Management LLC lifted its stake in Siebert Financial by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider’s stock valued at $685,000 after buying an additional 10,053 shares during the last quarter. Renaissance Technologies LLC lifted its stake 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 buying an additional 28,600 shares during the last quarter. Northern Trust Corp lifted its stake 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 buying an additional 5,323 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Siebert Financial in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 1.52% of the company’s stock.

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.