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

StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB - Free Report) in a report released on Wednesday. The brokerage issued a hold rating on the financial services provider's stock.

Siebert Financial Stock Up 1.4 %

Shares of SIEB traded up $0.04 during trading on Wednesday, reaching $2.85. The company's stock had a trading volume of 26,016 shares, compared to its average volume of 24,234. The company has a market cap of $114.34 million, a price-to-earnings ratio of 10.96 and a beta of 0.45. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average of $2.70 and a two-hundred day moving average of $2.69. Siebert Financial has a twelve month low of $1.41 and a twelve month high of $3.34.

Institutional Investors Weigh In On Siebert Financial

A number of large investors have recently made changes to their positions in the company. 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 in the last quarter. Renaissance Technologies LLC lifted its holdings 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 purchasing an additional 28,600 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Siebert Financial during the fourth quarter valued at $37,000. Finally, Northern Trust Corp grew its holdings in shares of 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 buying an additional 5,323 shares in the last quarter. Institutional investors and hedge funds 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.