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

Research analysts at StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEBGet Free Report) in a research note issued on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Price Performance

SIEB opened at $2.11 on Friday. The firm has a market cap of $83.52 million, a P/E ratio of 13.19 and a beta of 0.30. The firm has a 50-day moving average of $1.80 and a 200 day moving average of $1.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.08 and a current ratio of 1.08. Siebert Financial has a fifty-two week low of $1.46 and a fifty-two week high of $3.05.

Hedge Funds Weigh In On Siebert Financial

Several institutional investors have recently added to or reduced their stakes in SIEB. Vanguard Group Inc. boosted its position in Siebert Financial by 6.5% during the first quarter. Vanguard Group Inc. now owns 137,978 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 8,413 shares during the period. Northern Trust Corp boosted its position in Siebert Financial by 17.9% during the second quarter. Northern Trust Corp now owns 40,001 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 6,083 shares during the period. Finally, Millennium Management LLC bought a new position in Siebert Financial during the fourth quarter worth about $34,000. Institutional investors own 1.52% of the company’s stock.

About Siebert Financial

(Get Free Report)

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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