B. Riley Financial (NASDAQ:RILY) Upgraded by Wall Street Zen to Buy Rating

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

Separately, Weiss Ratings reissued 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.com, B. Riley Financial currently has a consensus rating of “Sell”.

B. Riley Financial Price Performance

Shares of B. Riley Financial stock opened at $6.80 on Friday. B. Riley Financial has a 52 week low of $2.67 and a 52 week high of $10.97. The firm’s 50 day moving average is $7.33 and its two-hundred day moving average is $6.22. The firm has a market capitalization of $239.02 million, a P/E ratio of 0.69 and a beta of 1.20.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings data on Wednesday, April 1st. The asset manager reported $2.77 earnings per share for the quarter. The company had revenue of $224.67 million for the quarter.

Institutional Investors Weigh In On B. Riley Financial

Several large investors have recently modified their holdings of RILY. XTX Topco Ltd purchased a new position in shares of B. Riley Financial during the fourth quarter worth approximately $221,000. CastleKnight Management LP acquired a new stake in B. Riley Financial during the 4th quarter worth $568,000. Boothbay Fund Management LLC purchased a new position in B. Riley Financial during the 4th quarter worth $60,000. Bridgeway Capital Management LLC purchased a new position in B. Riley Financial during the 4th quarter worth $187,000. Finally, 683 Capital Management LLC acquired a new position in B. Riley Financial in the fourth quarter valued at $374,000. 50.20% of the stock is owned by institutional investors and hedge funds.

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.