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

StockNews.com upgraded shares of B. Riley Financial (NASDAQ:RILY) to a sell rating in a research note released on Monday morning.

B. Riley Financial Stock Performance

NASDAQ RILY opened at $5.64 on Monday. The company’s 50-day simple moving average is $4.55 and its two-hundred day simple moving average is $5.16. B. Riley Financial has a one year low of $2.73 and a one year high of $40.09. The company has a market capitalization of $172.02 million, a price-to-earnings ratio of -0.27 and a beta of 1.30.

B. Riley Financial (NASDAQ:RILY) last released its quarterly earnings results on Friday, February 21st. The asset manager reported ($4.97) EPS for the quarter. The company had revenue of $199.31 million during the quarter. B. Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%.

Institutional Trading of B. Riley Financial

A number of institutional investors have recently made changes to their positions in the business. Straight Path Wealth Management raised its holdings in shares of B. Riley Financial by 30.0% in the third quarter. Straight Path Wealth Management now owns 84,500 shares of the asset manager’s stock worth $444,000 after buying an additional 19,500 shares during the last quarter. Federated Hermes Inc. boosted its holdings in B. Riley Financial by 144.1% in the 4th quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager’s stock worth $248,000 after buying an additional 31,835 shares during the last quarter. XTX Topco Ltd boosted its stake in shares of B. Riley Financial by 72.9% in the third quarter. XTX Topco Ltd now owns 33,755 shares of the asset manager’s stock worth $177,000 after acquiring an additional 14,232 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of B. Riley Financial by 136.0% in the third quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock valued at $114,000 after buying an additional 12,557 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in B. Riley Financial by 37.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,658 shares of the asset manager’s stock worth $114,000 after purchasing an additional 5,920 shares in the last quarter. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Company Profile

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.