Siebert Financial Corp. (NASDAQ:SIEB – Get Rating) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 70,200 shares, a decrease of 48.5% from the March 31st total of 136,300 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 35,500 shares, the days-to-cover ratio is presently 2.0 days.
Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in Siebert Financial in the 4th quarter valued at $57,000. Advisor Group Holdings Inc. increased its holdings in Siebert Financial by 21.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 33,429 shares of the financial services provider’s stock valued at $78,000 after buying an additional 6,000 shares during the period. Millennium Management LLC increased its holdings in Siebert Financial by 131.1% in the 4th quarter. Millennium Management LLC now owns 52,766 shares of the financial services provider’s stock valued at $122,000 after buying an additional 29,931 shares during the period. Morgan Stanley increased its holdings in Siebert Financial by 395.1% in 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 period. Finally, Renaissance Technologies LLC bought a new stake in Siebert Financial in the 4th quarter valued at $163,000. 64.99% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:SIEB opened at $2.06 on Friday. The stock has a market cap of $66.74 million, a P/E ratio of 12.88 and a beta of -0.51. Siebert Financial has a one year low of $1.88 and a one year high of $6.39. The company has a fifty day moving average price of $2.12 and a 200 day moving average price of $2.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02.
Separately, StockNews.com initiated coverage on shares of Siebert Financial in a research note on Wednesday. They set a “hold” rating for the company.
Siebert Financial Company Profile (Get Rating)
Siebert Financial Corp., through its subsidiaries, engages in the retail discount brokerage and investment advisory businesses in the United States and Internationally. It offers discount brokerage services, including self-directed trading, wealth management, financial advice, market making and fixed income investment, stock borrow, equity compensation plans, securities lending, equity stock plan, and market making services; independent retail execution services; and retail customer services.
- Get a free copy of the StockNews.com research report on Siebert Financial (SIEB)
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