B. Riley Financial (NASDAQ:RILY) Upgraded at StockNews.com

StockNews.com upgraded shares of B. Riley Financial (NASDAQ:RILY) to a sell rating in a report published on Wednesday.

B. Riley Financial Trading Down 0.2 %

NASDAQ:RILY opened at $4.85 on Wednesday. The stock has a market cap of $146.93 million, a PE ratio of -0.97 and a beta of 1.24. B. Riley Financial has a fifty-two week low of $4.07 and a fifty-two week high of $40.09. The company has a debt-to-equity ratio of 13.99, a current ratio of 4.88 and a quick ratio of 4.88. The stock’s 50-day moving average is $5.35 and its two-hundred day moving average is $9.51.

Institutional Investors Weigh In On B. Riley Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Davies Financial Advisors Inc. purchased a new position in shares of B. Riley Financial during the 2nd quarter valued at $2,006,000. Commonwealth Equity Services LLC acquired a new stake in B. Riley Financial during the second quarter valued at $2,049,000. FMR LLC grew its stake in B. Riley Financial by 1,085.3% in the third quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock valued at $53,000 after purchasing an additional 9,225 shares in the last quarter. BNP Paribas Financial Markets increased its position in B. Riley Financial by 136.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock worth $114,000 after purchasing an additional 12,557 shares during the last quarter. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of B. Riley Financial during the 2nd quarter worth about $190,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.