Research analysts at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB - Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set a "hold" rating on the financial services provider's stock.
Siebert Financial Stock Up 3.4%
Shares of NASDAQ SIEB traded up $0.13 during trading on Tuesday, reaching $4.00. 119,814 shares of the stock were exchanged, compared to its average volume of 30,523. The company has a market capitalization of $161.73 million, a price-to-earnings ratio of 15.38 and a beta of 0.50. The business's 50-day moving average price is $3.12 and its 200 day moving average price is $2.94. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. Siebert Financial has a twelve month low of $1.41 and a twelve month high of $4.43.
Siebert Financial (NASDAQ:SIEB - Get Free Report) last announced its earnings results on Tuesday, May 13th. The financial services provider reported $0.22 earnings per share for the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%. The company had revenue of $28.92 million during the quarter.
Hedge Funds Weigh In On Siebert Financial
A number of institutional investors have recently made changes to their positions in SIEB. Renaissance Technologies LLC grew 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 buying an additional 28,600 shares in the last quarter. Geode Capital Management LLC grew its holdings in Siebert Financial by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock worth $685,000 after acquiring an additional 10,053 shares in the last quarter. Jane Street Group LLC acquired a new position in Siebert Financial during the 4th quarter worth $37,000. Finally, Northern Trust Corp increased its position 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 worth $128,000 after purchasing an additional 5,323 shares during the last quarter. 1.52% of the stock is owned by institutional investors and hedge funds.
Siebert Financial Company Profile
(
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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