Siebert Financial (NASDAQ:SIEB) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEBGet Rating) in a research note issued on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

Separately, TheStreet cut Siebert Financial from a “c-” rating to a “d+” rating in a research note on Tuesday, July 12th.

Siebert Financial Trading Up 3.7 %

NASDAQ SIEB opened at $1.68 on Friday. Siebert Financial has a 12 month low of $1.35 and a 12 month high of $3.75. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $54.43 million, a PE ratio of 84.04 and a beta of -0.34. The stock has a 50-day simple moving average of $1.64 and a 200 day simple moving average of $1.79.

Siebert Financial (NASDAQ:SIEBGet Rating) last posted its earnings results on Monday, August 15th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter. Siebert Financial had a return on equity of 2.20% and a net margin of 2.04%. The firm had revenue of $11.72 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Siebert Financial stock. Advisor Group Holdings Inc. boosted its stake in shares of Siebert Financial Corp. (NASDAQ:SIEBGet Rating) by 21.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,429 shares of the financial services provider’s stock after purchasing an additional 6,000 shares during the period. Advisor Group Holdings Inc. owned 0.11% of Siebert Financial worth $78,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.54% of the company’s stock.

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.

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