StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB – Free Report) in a report released on Saturday. The firm issued a hold rating on the financial services provider’s stock.
Siebert Financial Stock Down 1.1 %
SIEB stock opened at $2.67 on Friday. The firm has a 50-day moving average of $2.95 and a two-hundred day moving average of $2.56. The company has a market cap of $107.12 million, a price-to-earnings ratio of 10.27 and a beta of 0.30. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.34.
Institutional Trading of Siebert Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in SIEB. Geode Capital Management LLC increased 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 buying an additional 85,456 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of 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 buying an additional 28,600 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Siebert Financial during the 4th quarter worth approximately $37,000. Finally, Northern Trust Corp increased its holdings in shares of Siebert Financial by 15.1% during the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock worth $128,000 after buying an additional 5,323 shares during the last quarter. Institutional investors and hedge funds own 1.52% of the company’s stock.
Siebert Financial Company Profile
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.
Further Reading
- Five stocks we like better than Siebert Financial
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Finding Hidden Gems: Unconventional Penny Stock Investing
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Price Targets on NVIDIA Rise in Front of Earnings
- Overbought Stocks Explained: Should You Trade Them?
- Archer Aviation Stock Skids: Mistaking Progress for Bad News?
Receive News & Ratings for Siebert Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Siebert Financial and related companies with MarketBeat.com's FREE daily email newsletter.
