StockNews.com Initiates Coverage on Siebert Financial (NASDAQ:SIEB)

Equities researchers at StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research report issued on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Siebert Financial Trading Up 1.9 %

Shares of SIEB stock opened at $2.12 on Tuesday. Siebert Financial has a 1-year low of $1.46 and a 1-year high of $3.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50-day moving average of $1.90 and a 200 day moving average of $1.81. The stock has a market capitalization of $83.91 million, a PE ratio of 13.25 and a beta of 0.34.

Institutional Investors Weigh In On Siebert Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp lifted its holdings in Siebert Financial by 17.9% in the 2nd quarter. Northern Trust Corp now owns 40,001 shares of the financial services provider’s stock worth $99,000 after buying an additional 6,083 shares during the period. Vanguard Group Inc. lifted its holdings in Siebert Financial by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 137,978 shares of the financial services provider’s stock worth $298,000 after buying an additional 8,413 shares during the period. Finally, Millennium Management LLC purchased a new stake in Siebert Financial in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 1.52% of the company’s stock.

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.