Siebert Financial (NASDAQ:SIEB) Coverage Initiated at StockNews.com

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

Siebert Financial Stock Down 3.2 %

SIEB stock opened at $2.10 on Tuesday. The stock’s fifty day simple moving average is $1.88 and its two-hundred day simple moving average is $1.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.06. Siebert Financial has a 1-year low of $1.46 and a 1-year high of $3.05. The stock has a market cap of $83.12 million, a P/E ratio of 13.13 and a beta of 0.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC purchased a new position in Siebert Financial in the fourth quarter worth $34,000. Northern Trust Corp lifted its position in shares of Siebert Financial by 17.9% during the 2nd quarter. Northern Trust Corp now owns 40,001 shares of the financial services provider’s stock valued at $99,000 after buying an additional 6,083 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Siebert Financial by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 137,978 shares of the financial services provider’s stock valued at $298,000 after buying an additional 8,413 shares during the last quarter. 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 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.