Siebert Financial (NASDAQ:SIEB) Now Covered by StockNews.com

Equities researchers at StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEBGet Rating) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Separately, TheStreet downgraded shares of Siebert Financial from a “c-” rating to a “d+” rating in a research note on Tuesday, July 12th.

Siebert Financial Trading Down 4.1 %

Siebert Financial stock opened at $1.62 on Wednesday. Siebert Financial has a one year low of $1.35 and a one year high of $4.87. The company has a market cap of $52.49 million, a price-to-earnings ratio of 81.04 and a beta of -0.31. The firm has a 50-day moving average of $1.58 and a 200-day moving average of $1.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.03 and a quick ratio of 1.03.

Siebert Financial (NASDAQ:SIEBGet Rating) last issued its earnings results on Monday, May 23rd. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. Siebert Financial had a net margin of 2.04% and a return on equity of 2.25%. The firm had revenue of $10.34 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Siebert Financial stock. Advisor Group Holdings Inc. raised its stake in Siebert Financial Corp. (NASDAQ:SIEBGet Rating) by 21.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,429 shares of the financial services provider’s stock after acquiring an additional 6,000 shares during the quarter. Advisor Group Holdings Inc. owned about 0.11% of Siebert Financial worth $78,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 61.97% of the company’s stock.

Siebert Financial Company Profile

(Get Rating)

Siebert Financial Corp., through its subsidiaries, engages in the retail discount brokerage and investment advisory businesses in the United States and Internationally. It offers discount brokerage services, including self-directed trading, wealth management, financial advice, market making and fixed income investment, stock borrow, equity compensation plans, securities lending, equity stock plan, and market making services; independent retail execution services; and retail customer services.

Further Reading

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