StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB - Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a "hold" rating on the financial services provider's stock.
Siebert Financial Price Performance
Shares of SIEB traded down $0.04 during mid-day trading on Tuesday, reaching $2.61. 24,937 shares of the company's stock were exchanged, compared to its average volume of 24,677. Siebert Financial has a 52-week low of $1.41 and a 52-week high of $3.34. 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 50-day simple moving average of $2.72 and a two-hundred day simple moving average of $2.65. The company has a market cap of $104.52 million, a price-to-earnings ratio of 10.02 and a beta of 0.46.
Institutional Trading of Siebert Financial
Large investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in Siebert Financial in the 4th quarter valued at about $37,000. Northern Trust Corp lifted its stake 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 during the period. Renaissance Technologies LLC boosted its position in Siebert Financial by 275.0% during the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider's stock worth $123,000 after acquiring an additional 28,600 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Siebert Financial by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock worth $685,000 after acquiring an additional 10,053 shares during the period. Institutional investors and hedge funds 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.
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