Siebert Financial (NASDAQ:SIEB) Coverage Initiated at Wall Street Zen

Wall Street Zen started coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Down 0.5%

Shares of Siebert Financial stock opened at $4.27 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $3.32 and its two-hundred day simple moving average is $3.00. The company has a market cap of $172.55 million, a P/E ratio of 16.42 and a beta of 0.50. Siebert Financial has a 12-month low of $1.41 and a 12-month high of $4.85.

Siebert Financial (NASDAQ:SIEB) last announced its quarterly earnings data on Tuesday, May 13th. The financial services provider reported $0.22 EPS for the quarter. Siebert Financial had a net margin of 12.83% and a return on equity of 13.92%. The company had revenue of $28.92 million for the quarter.

Institutional Investors Weigh In On Siebert Financial

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in Siebert Financial by 40.9% in the first quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock worth $49,000 after buying an additional 4,775 shares during the last quarter. Northern Trust Corp lifted its position in shares of Siebert Financial by 15.1% during the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 5,323 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Siebert Financial by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider’s stock worth $685,000 after purchasing an additional 10,053 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Siebert Financial by 275.0% during the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 28,600 shares during the last quarter. 1.52% of the stock is owned by hedge funds and other institutional investors.

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.