StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB - Free Report) in a research report sent to investors on Sunday. The brokerage issued a hold rating on the financial services provider's stock.
Siebert Financial Price Performance
SIEB stock traded down $0.15 during midday trading on Friday, hitting $2.45. The company's stock had a trading volume of 4,225 shares, compared to its average volume of 14,456. 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 firm has a market capitalization of $98.30 million, a price-to-earnings ratio of 9.42 and a beta of 0.30. The company has a 50 day moving average of $2.92 and a two-hundred day moving average of $2.59. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.34.
Hedge Funds Weigh In On Siebert Financial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings 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 acquiring an additional 85,456 shares in the last quarter. Jane Street Group LLC purchased a new stake in Siebert Financial during the fourth quarter valued at $37,000. Northern Trust Corp lifted its position in 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 purchasing an additional 5,323 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of 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 in the last quarter. 1.52% of the stock is owned by institutional investors.
About Siebert Financial
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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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