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

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

Siebert Financial Trading Up 6.3 %

NASDAQ:SIEB opened at $2.55 on Tuesday. The stock’s 50 day moving average price is $2.73 and its 200 day moving average price is $2.65. Siebert Financial has a 52 week low of $1.41 and a 52 week high of $3.34. The company has a market capitalization of $102.31 million, a P/E ratio of 9.81 and a beta of 0.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SIEB. Geode Capital Management LLC raised its stake in Siebert Financial by 70.4% during the third quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 85,456 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Siebert Financial by 275.0% in the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after buying an additional 28,600 shares in the last quarter. Northern Trust Corp boosted its holdings in Siebert Financial by 15.1% in the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 5,323 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Siebert Financial in the fourth quarter valued at about $37,000. 1.52% of the stock is owned by 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.