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

StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB – Get Rating) in a report published on Monday. The brokerage issued a hold rating on the financial services provider’s stock.

SIEB stock opened at $1.98 on Monday. The stock has a 50-day moving average price of $2.12 and a two-hundred day moving average price of $2.52. Siebert Financial has a 12-month low of $1.88 and a 12-month high of $6.39. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13. The company has a market cap of $64.16 million, a PE ratio of 12.38 and a beta of -0.51.

Siebert Financial (NASDAQ:SIEB – Get Rating) last announced its earnings results on Wednesday, March 30th. The financial services provider reported $0.01 earnings per share for the quarter. The business had revenue of $14.74 million during the quarter. Siebert Financial had a net margin of 7.50% and a return on equity of 11.39%.

Several large investors have recently added to or reduced their stakes in SIEB. Renaissance Technologies LLC acquired a new stake in Siebert Financial during the 4th quarter valued at approximately $163,000. Morgan Stanley boosted its stake in shares of Siebert Financial by 395.1% during the 1st quarter. Morgan Stanley now owns 54,433 shares of the financial services provider’s stock valued at $220,000 after buying an additional 43,439 shares during the last quarter. Millennium Management LLC grew its position in shares of Siebert Financial by 131.1% during the fourth quarter. Millennium Management LLC now owns 52,766 shares of the financial services provider’s stock worth $122,000 after buying an additional 29,931 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in Siebert Financial by 21.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 33,429 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Siebert Financial in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 64.99% of the company’s stock.

Siebert Financial Company Profile (Get Rating)

Siebert Financial Corp. is bank holding company, which provides brokerage and financial advisory services. It conducts the following lines of business through its wholly-owned subsidiaries: Retail Brokerage Business, Investment Advisory Services, Insurance Services, Robo-Advisory Technology Development, and Prime Brokerage Services.

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