Siebert Financial (NASDAQ:SIEB) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research report released on Sunday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Siebert Financial Trading Down 3.4 %

Shares of SIEB stock opened at $3.16 on Friday. The stock has a 50 day simple moving average of $2.89 and a 200 day simple moving average of $2.28. Siebert Financial has a 1 year low of $1.41 and a 1 year 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 cap of $126.78 million, a P/E ratio of 12.15 and a beta of 0.32.

Institutional Trading of Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Geode Capital Management LLC increased its stake in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,788 shares of the financial services provider’s stock after purchasing an additional 85,456 shares during the quarter. Geode Capital Management LLC owned approximately 0.52% of Siebert Financial worth $523,000 at the end of the most recent reporting period. 1.52% of the stock is currently owned by institutional investors and hedge funds.

About Siebert Financial

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.