Siebert Financial (NASDAQ:SIEB) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Siebert Financial (NASDAQ:SIEB - Free Report) from a strong-buy rating to a buy rating in a research report report published on Sunday morning.

Siebert Financial Stock Up 2.7%

SIEB traded up $0.12 on Friday, hitting $4.62. 64,046 shares of the company were exchanged, compared to its average volume of 45,099. The stock's fifty day moving average is $4.17 and its 200-day moving average is $3.30. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $5.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $186.69 million, a PE ratio of 10.04 and a beta of 0.67.

Siebert Financial (NASDAQ:SIEB - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The financial services provider reported $0.22 earnings per share for the quarter. The business had revenue of $28.92 million for the quarter. Siebert Financial had a return on equity of 21.37% and a net margin of 19.77%.

Hedge Funds Weigh In On Siebert Financial

Large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in Siebert Financial by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock worth $685,000 after purchasing an additional 10,053 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Siebert Financial by 275.0% in the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider's stock worth $123,000 after buying an additional 28,600 shares in the last quarter. Northern Trust Corp boosted its position in shares of Siebert Financial by 15.1% in the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider's stock valued at $128,000 after acquiring an additional 5,323 shares during the period. Finally, Jane Street Group LLC purchased a new position in Siebert Financial during the fourth quarter valued at approximately $37,000. 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 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.