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

StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEBGet Rating) in a report released on Monday morning. The firm issued a hold rating on the financial services provider’s stock.

Siebert Financial Price Performance

Shares of SIEB opened at $1.58 on Monday. Siebert Financial has a twelve month low of $1.35 and a twelve month high of $3.20. The firm’s fifty day simple moving average is $1.63 and its 200-day simple moving average is $1.63. The firm has a market capitalization of $51.01 million, a price-to-earnings ratio of 78.88 and a beta of -0.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On Siebert Financial

A hedge fund recently raised its stake in Siebert Financial stock. Vanguard Group Inc. increased its stake in shares of Siebert Financial Corp. (NASDAQ:SIEBGet Rating) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,978 shares of the financial services provider’s stock after acquiring an additional 8,413 shares during the quarter. Vanguard Group Inc. owned about 0.43% of Siebert Financial worth $298,000 at the end of the most recent quarter. Institutional investors own 1.54% of the company’s stock.

About Siebert Financial

(Get Rating)

Siebert Financial Corp., through its subsidiaries, engages in the retail discount brokerage and investment advisory businesses in the United States and Internationally. It offers discount brokerage services, including self-directed trading, wealth management, financial advice, market making and fixed income investment, stock borrow, equity compensation plans, securities lending, equity stock plan, and market making services; independent retail execution services; and retail customer services.

Further Reading

Receive News & Ratings for Siebert Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Siebert Financial and related companies with MarketBeat.com's FREE daily email newsletter.