Stock analysts at StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB - Get Free Report) in a research note issued to investors on Saturday. The brokerage set a "hold" rating on the financial services provider's stock.
Siebert Financial Trading Down 3.6 %
Shares of Siebert Financial stock traded down $0.10 on Friday, hitting $2.69. 2,755 shares of the company's stock traded hands, compared to its average volume of 12,064. The firm's 50-day moving average price is $2.96 and its two-hundred day moving average price is $2.54. 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 stock has a market capitalization of $107.92 million, a PE ratio of 10.35 and a beta of 0.30. Siebert Financial has a one year low of $1.41 and a one year high of $3.34.
Hedge Funds Weigh In On Siebert Financial
Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings 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 buying an additional 85,456 shares during the period. Jane Street Group LLC acquired a new stake in shares of Siebert Financial during the fourth quarter worth $37,000. Northern Trust Corp boosted its stake in Siebert Financial by 15.1% in the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider's stock worth $128,000 after purchasing an additional 5,323 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in 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 purchasing an additional 28,600 shares in the last quarter. 1.52% of the stock is currently owned by institutional investors and hedge funds.
About Siebert Financial
(
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.
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