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

StockNews.com began coverage on shares of Siebert Financial (NASDAQ:SIEB - Free Report) in a report released on Monday morning. The brokerage issued a hold rating on the financial services provider's stock.

Siebert Financial Trading Up 1.9 %

NASDAQ:SIEB traded up $0.07 on Monday, reaching $3.85. The stock had a trading volume of 43,585 shares, compared to its average volume of 27,614. The firm's fifty day moving average is $2.97 and its two-hundred day moving average is $2.89. 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 market cap of $155.67 million, a price-to-earnings ratio of 14.81 and a beta of 0.50. Siebert Financial has a 12-month low of $1.41 and a 12-month high of $3.87.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SIEB. Northern Trust Corp grew its holdings in 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 buying an additional 5,323 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Siebert Financial by 4.9% during the fourth 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. Jane Street Group LLC purchased a new position in Siebert Financial in the 4th quarter worth about $37,000. Finally, Renaissance Technologies LLC raised its holdings in Siebert Financial by 275.0% during the 4th 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 during the period. 1.52% of the stock is owned by institutional investors and hedge funds.

About Siebert Financial

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.