Siebert Financial (NASDAQ:SIEB) Now Covered by Wall Street Zen

Wall Street Zen assumed coverage on shares of Siebert Financial (NASDAQ:SIEB - Free Report) in a report released on Wednesday. The brokerage issued a hold rating on the financial services provider's stock.

Siebert Financial Price Performance

NASDAQ:SIEB traded up $0.27 during trading hours on Wednesday, hitting $4.54. The company's stock had a trading volume of 137,217 shares, compared to its average volume of 33,773. The stock has a fifty day simple moving average of $3.40 and a 200-day simple moving average of $3.03. The company has a market capitalization of $183.46 million, a P/E ratio of 17.46 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. Siebert Financial has a twelve month low of $1.41 and a twelve month high of $4.85.

Siebert Financial (NASDAQ:SIEB - Get Free Report) last released its quarterly earnings data 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 13.92% and a net margin of 12.83%.

Hedge Funds Weigh In On Siebert Financial

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position 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 purchasing an additional 28,600 shares during the last quarter. Geode Capital Management LLC raised its position 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 purchasing an additional 10,053 shares during the last quarter. Jane Street Group LLC raised its position 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 purchasing an additional 4,775 shares during the last quarter. Finally, Northern Trust Corp raised its position 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 purchasing an additional 5,323 shares during the last quarter. 1.52% of the stock is currently owned by institutional investors.

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.