Equities research analysts at StockNews.com started coverage on shares of Siebert Financial (NASDAQ:SIEB - Get Free Report) in a report released on Thursday. The brokerage set a "hold" rating on the financial services provider's stock.
Siebert Financial Stock Down 5.1 %
SIEB stock traded down $0.14 during trading on Thursday, hitting $2.58. 88,340 shares of the company's stock were exchanged, compared to its average volume of 24,855. The business has a 50-day moving average price of $2.68 and a two-hundred day moving average price of $2.73. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $3.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $104.32 million, a price-to-earnings ratio of 9.92 and a beta of 0.30.
Siebert Financial (NASDAQ:SIEB - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $20.02 million during the quarter.
Institutional Investors Weigh In On Siebert Financial
Large investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of Siebert Financial in the fourth quarter valued at about $37,000. Renaissance Technologies LLC lifted its stake 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 valued at $123,000 after buying an additional 28,600 shares in the last quarter. Northern Trust Corp lifted its position 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 valued at $128,000 after acquiring an additional 5,323 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of 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 last quarter. Hedge funds and other institutional investors own 1.52% of the company's stock.
Siebert Financial Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Siebert Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Siebert Financial wasn't on the list.
While Siebert Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
