Siebert Financial (NASDAQ:SIEB) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research note issued on Monday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Stock Performance

Siebert Financial stock opened at $2.17 on Monday. The stock’s 50 day simple moving average is $1.85 and its two-hundred day simple moving average is $1.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $85.89 million, a price-to-earnings ratio of 13.56 and a beta of 0.33. Siebert Financial has a fifty-two week low of $1.46 and a fifty-two week high of $3.05.

Hedge Funds Weigh In On Siebert Financial

Several large investors have recently made changes to their positions in SIEB. Millennium Management LLC purchased a new position in shares of Siebert Financial during the fourth quarter valued at approximately $34,000. Vanguard Group Inc. lifted its holdings in shares of Siebert Financial by 6.5% during the first quarter. Vanguard Group Inc. now owns 137,978 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 8,413 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Siebert Financial by 17.9% during the second quarter. Northern Trust Corp now owns 40,001 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 6,083 shares during the last quarter. 1.52% of the stock is currently owned by hedge funds and other institutional investors.

Siebert Financial Company Profile

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.