B. Riley Financial (NASDAQ:RILY) Downgraded by Wall Street Zen to Hold

B. Riley Financial (NASDAQ:RILY) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note 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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, B. Riley Financial currently has an average rating of “Sell”.

B. Riley Financial Stock Performance

RILY opened at $7.09 on Friday. B. Riley Financial has a one year low of $2.67 and a one year high of $10.97. The company has a market cap of $221.35 million, a P/E ratio of 1.01 and a beta of 1.27. The business’s 50-day simple moving average is $7.70 and its 200-day simple moving average is $6.12.

B. Riley Financial (NASDAQ:RILY) last posted its earnings results on Wednesday, January 14th. The asset manager reported $2.91 earnings per share for the quarter. The business had revenue of $75.70 million for the quarter.

Institutional Investors Weigh In On B. Riley Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RILY. Geode Capital Management LLC raised its position in B. Riley Financial by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 194,105 shares of the asset manager’s stock valued at $907,000 after purchasing an additional 1,886 shares during the last quarter. XTX Topco Ltd increased its stake in B. Riley Financial by 4.2% in the second quarter. XTX Topco Ltd now owns 62,517 shares of the asset manager’s stock valued at $186,000 after purchasing an additional 2,531 shares during the period. Farther Finance Advisors LLC acquired a new position in B. Riley Financial in the third quarter valued at $25,000. Bank of America Corp DE raised its holdings in shares of B. Riley Financial by 237.2% in the third quarter. Bank of America Corp DE now owns 6,963 shares of the asset manager’s stock valued at $42,000 after buying an additional 4,898 shares during the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of B. Riley Financial by 70.0% in the second quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager’s stock valued at $51,000 after buying an additional 7,044 shares during the last quarter. Hedge funds and other institutional investors own 50.20% of the company’s stock.

About B. Riley Financial

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.