Analysts at StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB - Get Free Report) in a research report issued on Wednesday. The brokerage set a "hold" rating on the financial services provider's stock.
Siebert Financial Stock Up 6.4%
Shares of SIEB opened at $4.63 on Wednesday. The business's fifty day moving average price is $3.24 and its two-hundred day moving average price is $2.98. The firm has a market capitalization of $187.10 million, a price-to-earnings ratio of 17.81 and a beta of 0.50. Siebert Financial has a 52 week low of $1.41 and a 52 week high of $4.85. 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 (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 (EPS) for the quarter. The business had revenue of $28.92 million for the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%.
Hedge Funds Weigh In On Siebert Financial
Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in Siebert Financial by 40.9% in the first quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 4,775 shares during the last quarter. Northern Trust Corp boosted its holdings in 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 last quarter. Geode Capital Management LLC boosted its holdings in Siebert Financial by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock valued at $685,000 after acquiring an additional 10,053 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Siebert Financial by 275.0% in the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider's stock valued at $123,000 after acquiring an additional 28,600 shares during the last quarter. Institutional investors own 1.52% of the company's stock.
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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