Siebert Financial Begins with a Hold Rating by StockNews.com Analysts

StockNews.com analysts have commenced coverage on Siebert Financial Corp. (NASDAQ: SIEB), a well-known financial services firm, with a new research note released to investors. The note, which arrived on Wednesday, introduced a 'hold' recommendation for the company's stock.

Current Standing of Siebert Financial Shares

Siebert Financial shares opened the trading day at $1.66. Over the past year, the stock fluctuated between a low of $1.31 and a high of $3.05. The average price over the past fifty days is $1.75, and over two hundred days the average is $2.02. The business has a market capitalization of approximately $65.70 million, operates with a debt-to-equity ratio of 0.06, and holds a price-to-earnings ratio of 10.38. Its current and quick ratios stand at 1.08, showing its short-term liquidity, and the company's beta value is 0.15, indicating low volatility.

Recent Financial Performance

The financial services provider announced their earnings for the previous quarter on November 14th, revealing an earnings per share (EPS) of $0.07. For the quarter, Siebert Financial reported a revenue of $18.05 million, a net margin of 8.97%, and a return on equity of 11.25%.

Investor Movements

In recent months, there has been notable activity from large investors in SIEB stocks. Millennium Management LLC initiated a new stake valued at around $34,000 during the fourth quarter. Virtu Financial LLC made a similar move in the second quarter with a new position worth about $31,000. Vanguard Group Inc. increased its holdings by 6.5%, now owning 137,978 shares worth approximately $298,000 after purchasing 8,413 additional shares. Furthermore, Northern Trust Corp bolstered its stake by 17.9% in the second quarter, now holding 40,001 shares valued at nearly $99,000.

Overview of Siebert Financial

Siebert Financial Corp. operates through its subsidiaries, providing discount brokerage services and investment advisory. With a global presence, it offers self-directed trading, wealth management services, market making, fixed income investment, and an array of other financial services. The company also specializes in securities lending, equity stock plans, and retail execution services.

Siebert, Financial, StockNews