Stock analysts at StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB - Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a "hold" rating on the financial services provider's stock.
Siebert Financial Stock Up 3.4%
NASDAQ SIEB traded up $0.13 on Tuesday, reaching $4.00. The company had a trading volume of 119,814 shares, compared to its average volume of 30,713. The firm has a market capitalization of $161.64 million, a price-to-earnings ratio of 15.38 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. Siebert Financial has a 1-year low of $1.41 and a 1-year high of $4.49. The company's fifty day moving average is $3.15 and its 200-day moving average is $2.95.
Siebert Financial (NASDAQ:SIEB - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The financial services provider reported $0.22 EPS for the quarter. Siebert Financial had a net margin of 12.83% and a return on equity of 13.92%. The firm had revenue of $28.92 million for the quarter.
Institutional Investors Weigh In On Siebert Financial
Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of Siebert Financial in the 4th quarter valued at about $37,000. Renaissance Technologies LLC raised its holdings in shares of Siebert Financial by 275.0% in the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider's stock valued at $123,000 after purchasing an additional 28,600 shares during the period. Northern Trust Corp raised its holdings in shares of Siebert Financial by 15.1% in the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider's stock valued at $128,000 after purchasing an additional 5,323 shares during the period. Finally, Geode Capital Management LLC grew 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 valued at $685,000 after buying an additional 10,053 shares during the last quarter. 1.52% of the stock is owned by institutional investors.
About Siebert Financial
(
Get Free Report)
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.
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