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

Research analysts at StockNews.com assumed coverage on shares of Siebert Financial (NASDAQ:SIEB – Get Rating) in a research note issued on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

Separately, TheStreet upgraded shares of Siebert Financial from a “d+” rating to a “c-” rating in a report on Tuesday, February 7th.

Get Siebert Financial alerts:

Siebert Financial Stock Performance

Shares of SIEB stock opened at $1.74 on Thursday. The firm has a 50 day moving average of $1.80 and a 200-day moving average of $1.64. The company has a market cap of $56.57 million, a price-to-earnings ratio of -24.86 and a beta of 0.03. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.12. Siebert Financial has a 52 week low of $1.20 and a 52 week high of $2.54.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Siebert Financial stock. Vanguard Group Inc. grew its position in shares of Siebert Financial Corp. (NASDAQ:SIEB – Get Rating) by 6.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. 6.91% of the stock is owned by institutional investors.

About Siebert Financial

(Get Rating)

Siebert Financial Corp. is bank holding company, which provides brokerage and financial advisory services. It conducts the following lines of business through its wholly-owned subsidiaries: Retail Brokerage Business, Investment Advisory Services, Insurance Services, Robo-Advisory Technology Development, and Prime Brokerage Services.

Recommended Stories

• Get a free copy of the StockNews.com research report on Siebert Financial (SIEB)
• Penny Stock Wag! Group Co. Has Solid Sell-Side Support
• Staples Stocks Get Lift From Conagra Results, New Highs In Sight
• SGH Bottomed, But Can It Reverse And Move Higher? 
• Is Pinterest Showing Signs of an Improving Ad Market?
• At 3x Earnings, Avis Budget Is Worth Taking for a Spin

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.