B. Riley Financial (NASDAQ:RILY) Upgraded to “Sell” at StockNews.com

B. Riley Financial (NASDAQ:RILY) was upgraded by StockNews.com to a “sell” rating in a research report issued to clients and investors on Tuesday.

B. Riley Financial Stock Performance

RILY stock opened at $38.55 on Tuesday. B. Riley Financial has a twelve month low of $14.46 and a twelve month high of $60.72. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 14.33. The company has a market cap of $1.17 billion, a P/E ratio of -13.82 and a beta of 1.56. The business’s fifty day moving average is $20.92 and its 200-day moving average is $23.58.

B. Riley Financial (NASDAQ:RILY) last released its earnings results on Thursday, February 29th. The asset manager reported ($1.86) earnings per share for the quarter. The company had revenue of $346.51 million during the quarter. B. Riley Financial had a negative net margin of 4.75% and a negative return on equity of 8.40%.

Institutional Investors Weigh In On B. Riley Financial

Several hedge funds have recently bought and sold shares of RILY. DiNuzzo Private Wealth Inc. acquired a new position in shares of B. Riley Financial in the 4th quarter valued at $29,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of B. Riley Financial by 65.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,279 shares of the asset manager’s stock worth $134,000 after acquiring an additional 1,295 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of B. Riley Financial by 275.4% in the third quarter. Nisa Investment Advisors LLC now owns 3,953 shares of the asset manager’s stock worth $162,000 after acquiring an additional 2,900 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of B. Riley Financial by 150.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,255 shares of the asset manager’s stock worth $110,000 after purchasing an additional 3,160 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of B. Riley Financial during the 4th quarter valued at about $119,000. 50.20% of the stock is currently owned by institutional investors and hedge funds.

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.