B. Riley Financial (NASDAQ:RILY) Stock Rating Lowered by StockNews.com

B. Riley Financial (NASDAQ:RILY) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

B. Riley Financial Stock Down 14.9 %

Shares of B. Riley Financial stock opened at $25.60 on Friday. B. Riley Financial has a one year low of $24.95 and a one year high of $60.72. The company has a debt-to-equity ratio of 11.09, a current ratio of 4.06 and a quick ratio of 4.06. The stock’s 50-day moving average is $40.45 and its 200 day moving average is $42.85. The firm has a market cap of $782.59 million, a price-to-earnings ratio of -10.04 and a beta of 1.92.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings results on Wednesday, August 9th. The asset manager reported $1.55 earnings per share (EPS) for the quarter. B. Riley Financial had a negative return on equity of 7.27% and a negative net margin of 4.16%. The business had revenue of $406.28 million for the quarter.

Insiders Place Their Bets

In other B. Riley Financial news, CEO Bryant R. Riley purchased 25,000 shares of B. Riley Financial stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average price of $47.31 per share, for a total transaction of $1,182,750.00. Following the acquisition, the chief executive officer now directly owns 6,748,773 shares in the company, valued at $319,284,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 33.90% of the company’s stock.

Institutional Investors Weigh In On B. Riley Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in shares of B. Riley Financial by 51.8% during the third quarter. Public Employees Retirement System of Ohio now owns 686 shares of the asset manager’s stock worth $31,000 after acquiring an additional 234 shares during the period. FMR LLC increased its stake in shares of B. Riley Financial by 137.8% during the second quarter. FMR LLC now owns 861 shares of the asset manager’s stock worth $36,000 after purchasing an additional 499 shares in the last quarter. US Bancorp DE grew its stake in B. Riley Financial by 289.8% during the 1st quarter. US Bancorp DE now owns 686 shares of the asset manager’s stock valued at $48,000 after acquiring an additional 510 shares in the last quarter. Worth Asset Management LLC acquired a new position in B. Riley Financial in the 1st quarter valued at about $58,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in B. Riley Financial by 642.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,080 shares of the asset manager’s stock valued at $59,000 after purchasing an additional 1,800 shares during the last quarter. 41.47% of the stock is currently owned by hedge funds and other institutional investors.

About B. Riley Financial

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