StockNews.com started coverage on shares of Siebert Financial (NASDAQ:SIEB - Free Report) in a research report sent to investors on Friday. The firm issued a hold rating on the financial services provider's stock.
Siebert Financial Trading Up 4.0 %
NASDAQ:SIEB traded up $0.11 on Friday, reaching $2.86. The stock had a trading volume of 13,551 shares, compared to its average volume of 15,243. The company has a market cap of $114.74 million, a price-to-earnings ratio of 11.00 and a beta of 0.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The firm's fifty day moving average is $2.98 and its two-hundred day moving average is $2.52. Siebert Financial has a 12-month low of $1.41 and a 12-month high of $3.34.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of Siebert Financial during the 4th quarter worth about $37,000. Northern Trust Corp lifted its holdings in shares of Siebert Financial by 15.1% during the 4th 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. Renaissance Technologies LLC lifted its holdings in shares of Siebert Financial by 275.0% during the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider's stock worth $123,000 after acquiring an additional 28,600 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Siebert Financial by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock worth $685,000 after acquiring an additional 10,053 shares during the period. 1.52% of the stock is currently owned by hedge funds and other institutional investors.
Siebert Financial Company Profile
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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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