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

Equities researchers at StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB - Get Free Report) in a research report issued on Saturday. The firm set a "hold" rating on the financial services provider's stock.

Siebert Financial Price Performance

Shares of SIEB traded up $0.11 during mid-day trading on Friday, reaching $3.35. 162,015 shares of the stock traded hands, compared to its average volume of 25,973. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a 1 year low of $1.41 and a 1 year high of $3.38. The company has a market cap of $135.45 million, a price-to-earnings ratio of 12.88 and a beta of 0.30. The firm has a fifty day moving average price of $2.72 and a 200 day moving average price of $2.78.

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. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%. The business had revenue of $20.02 million for the quarter.

Institutional Trading of Siebert Financial

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position 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 valued at $523,000 after purchasing an additional 85,456 shares in the last quarter. Renaissance Technologies LLC raised 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 valued at $123,000 after buying an additional 28,600 shares in the last quarter. Jane Street Group LLC bought a new stake in Siebert Financial in the 4th quarter worth approximately $37,000. Finally, Northern Trust Corp boosted its stake 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 worth $128,000 after buying an additional 5,323 shares in the last quarter. 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.