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

Stock analysts at StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB - Get Free Report) in a note issued to investors on Saturday. The firm set a "hold" rating on the financial services provider's stock.

Siebert Financial Trading Down 0.8 %

Siebert Financial stock traded down $0.03 during trading hours on Friday, reaching $3.52. The stock had a trading volume of 5,202 shares, compared to its average volume of 26,863. The stock has a market cap of $142.32 million, a PE ratio of 13.54 and a beta of 0.30. Siebert Financial has a 52 week low of $1.41 and a 52 week high of $3.75. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The company has a fifty day simple moving average of $2.75 and a 200-day simple moving average of $2.79.

Siebert Financial (NASDAQ:SIEB - Get Free Report) last released its quarterly earnings data on Monday, March 31st. The financial services provider reported $0.04 earnings per share for the quarter. The firm had revenue of $20.02 million during the quarter. Siebert Financial had a net margin of 12.83% and a return on equity of 13.92%.

Institutional Trading of Siebert Financial

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in shares of Siebert Financial during the fourth quarter worth about $37,000. Renaissance Technologies LLC increased its position in shares of Siebert Financial by 275.0% during the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider's stock worth $123,000 after purchasing an additional 28,600 shares in the last quarter. Northern Trust Corp increased its position in shares of Siebert Financial by 15.1% during the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider's stock worth $128,000 after purchasing an additional 5,323 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Siebert Financial by 70.4% during the third quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider's stock worth $523,000 after purchasing an additional 85,456 shares in the last quarter. 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 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.