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

Stock analysts at StockNews.com started coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research note issued on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Up 2.6 %

Shares of Siebert Financial stock opened at $3.53 on Monday. Siebert Financial has a twelve month low of $1.41 and a twelve month high of $3.77. 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’s 50 day moving average is $2.87 and its 200 day moving average is $2.86. The company has a market cap of $142.73 million, a price-to-earnings ratio of 13.58 and a beta of 0.50.

Siebert Financial (NASDAQ:SIEB) last released its quarterly earnings results on Monday, March 31st. The financial services provider reported $0.04 earnings per share for the quarter. The firm had revenue of $20.02 million for the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%.

Hedge Funds Weigh In On Siebert Financial

A number of institutional investors and hedge funds have recently made changes to their positions in SIEB. Jane Street Group LLC purchased a new stake in shares of Siebert Financial in the 4th quarter worth $37,000. Northern Trust Corp grew its holdings in Siebert Financial by 15.1% during the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 5,323 shares during the period. Renaissance Technologies LLC increased its position 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 worth $123,000 after buying an additional 28,600 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of 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 worth $685,000 after buying an additional 10,053 shares during the period. Hedge funds and other institutional investors own 1.52% of the company’s stock.

Siebert Financial Company Profile

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.