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

Research analysts at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB) in a report issued on Saturday. The brokerage set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Down 1.0 %

Shares of SIEB stock opened at $3.04 on Friday. The stock’s fifty day moving average price is $2.81 and its 200 day moving average price is $2.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. Siebert Financial has a 1-year low of $1.41 and a 1-year high of $3.31. The company has a market cap of $121.97 million, a price-to-earnings ratio of 11.69 and a beta of 0.33.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC increased its stake in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,788 shares of the financial services provider’s stock after buying an additional 85,456 shares during the quarter. Geode Capital Management LLC owned about 0.52% of Siebert Financial worth $523,000 as of its most recent SEC filing. 1.52% of the stock is owned by institutional investors.

About Siebert Financial

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.