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

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

Siebert Financial Trading Up 2.6 %

SIEB stock opened at $2.81 on Wednesday. The firm’s 50-day moving average is $2.70 and its 200 day moving average is $2.68. 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 12 month low of $1.41 and a 12 month high of $3.34. The company has a market capitalization of $112.74 million, a PE ratio of 10.81 and a beta of 0.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in Siebert Financial during the 4th quarter worth $37,000. Renaissance Technologies LLC increased its holdings in Siebert Financial by 275.0% in the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $123,000 after buying an additional 28,600 shares during the period. Northern Trust Corp increased its stake in shares of Siebert Financial by 15.1% in the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 5,323 shares during the period. Finally, Geode Capital Management LLC grew its position in Siebert Financial by 70.4% during the 3rd quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 85,456 shares during the period. Hedge funds and other institutional investors own 1.52% of the company’s stock.

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.