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

StockNews.com upgraded shares of B. Riley Financial (NASDAQ:RILYFree Report) to a sell rating in a report issued on Tuesday.

B. Riley Financial Price Performance

NASDAQ:RILY opened at $4.50 on Tuesday. B. Riley Financial has a 12-month low of $3.94 and a 12-month high of $40.09. The firm has a market capitalization of $136.33 million, a price-to-earnings ratio of -0.90 and a beta of 1.30. The stock’s 50 day moving average price is $5.02 and its two-hundred day moving average price is $8.00. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99.

Hedge Funds Weigh In On B. Riley Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board raised its position in shares of B. Riley Financial by 5.0% in the second quarter. Public Sector Pension Investment Board now owns 36,008 shares of the asset manager’s stock valued at $635,000 after purchasing an additional 1,729 shares during the period. Inspire Investing LLC raised its holdings in B. Riley Financial by 17.4% in the 2nd quarter. Inspire Investing LLC now owns 20,004 shares of the asset manager’s stock valued at $353,000 after acquiring an additional 2,968 shares during the period. XTX Topco Ltd lifted its position in B. Riley Financial by 26.4% during the second quarter. XTX Topco Ltd now owns 19,523 shares of the asset manager’s stock worth $344,000 after acquiring an additional 4,072 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of B. Riley Financial during the third quarter worth approximately $29,000. Finally, Bank of New York Mellon Corp grew its position in shares of B. Riley Financial by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 132,168 shares of the asset manager’s stock valued at $2,331,000 after purchasing an additional 5,755 shares during the last quarter. 50.20% of the stock is owned by institutional investors.

B. Riley Financial Company Profile

(Get Free Report)

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

Further Reading

Receive News & Ratings for B. Riley Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B. Riley Financial and related companies with MarketBeat.com's FREE daily email newsletter.