B. Riley Financial (NASDAQ:RILY) Upgraded at Wall Street Zen

B. Riley Financial (NASDAQ:RILY) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of B. Riley Financial in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, B. Riley Financial currently has a consensus rating of “Sell”.

B. Riley Financial Trading Down 9.1%

Shares of RILY opened at $8.36 on Friday. B. Riley Financial has a 12-month low of $2.67 and a 12-month high of $10.97. The company has a market cap of $255.82 million, a PE ratio of 1.19 and a beta of 1.24. The stock has a 50-day moving average price of $5.96 and a 200-day moving average price of $5.73.

Institutional Investors Weigh In On B. Riley Financial

A number of hedge funds have recently made changes to their positions in the business. Simon Quick Advisors LLC purchased a new stake in shares of B. Riley Financial in the 2nd quarter valued at $48,000. Bank of America Corp DE raised its position in B. Riley Financial by 237.2% in the 3rd quarter. Bank of America Corp DE now owns 6,963 shares of the asset manager’s stock worth $42,000 after purchasing an additional 4,898 shares during the period. Brooklyn Investment Group lifted its stake in B. Riley Financial by 237.4% in the third quarter. Brooklyn Investment Group now owns 30,792 shares of the asset manager’s stock worth $184,000 after purchasing an additional 21,665 shares during the last quarter. Cresset Asset Management LLC purchased a new stake in B. Riley Financial during the third quarter valued at about $79,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of B. Riley Financial during the second quarter valued at about $154,000. 50.20% of the stock is currently owned by institutional investors.

B. Riley Financial Company Profile

B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.

In addition to traditional investment banking, B.