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

by · The Markets Daily

StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB – Free Report) in a report published on Monday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Siebert Financial Trading Up 2.2 %

Siebert Financial stock opened at $3.73 on Monday. The stock has a market cap of $150.82 million, a P/E ratio of 14.35 and a beta of 0.50. Siebert Financial has a fifty-two week low of $1.41 and a fifty-two week high of $3.80. The firm’s fifty day moving average price is $2.94 and its 200-day moving average price is $2.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13.

Siebert Financial (NASDAQ:SIEB – Get Free Report) last announced its earnings results on Monday, March 31st. The financial services provider reported $0.04 earnings per share for the quarter. The business 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 hedge funds and other institutional investors have recently bought and sold shares of SIEB. Jane Street Group LLC bought a new stake in shares of Siebert Financial during the 4th quarter worth $37,000. Northern Trust Corp raised its position 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 in the last quarter. Renaissance Technologies LLC lifted its stake in 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. Finally, Geode Capital Management LLC lifted its stake in 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. Hedge funds and other 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 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.

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