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

B. Riley Financial (NASDAQ:RILY) was upgraded by analysts at StockNews.com to a “sell” rating in a note issued to investors on Monday.

B. Riley Financial Stock Performance

B. Riley Financial stock traded down $0.12 during mid-day trading on Monday, reaching $4.60. 921,683 shares of the company were exchanged, compared to its average volume of 1,979,184. The firm has a market cap of $139.36 million, a PE ratio of -0.92 and a beta of 1.26. The firm’s 50-day simple moving average is $5.40 and its two-hundred day simple moving average is $13.88. B. Riley Financial has a twelve month low of $4.07 and a twelve month high of $40.09. The company has a debt-to-equity ratio of 13.99, a quick ratio of 4.88 and a current ratio of 4.88.

Institutional Trading of B. Riley Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Public Sector Pension Investment Board boosted its stake in 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 acquiring an additional 1,729 shares during the period. Inspire Investing LLC increased its holdings in shares of B. Riley Financial by 17.4% in the second quarter. Inspire Investing LLC now owns 20,004 shares of the asset manager’s stock valued at $353,000 after buying an additional 2,968 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of B. Riley Financial by 26.4% in the second quarter. XTX Topco Ltd now owns 19,523 shares of the asset manager’s stock valued at $344,000 after buying an additional 4,072 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in B. Riley Financial during the 3rd quarter valued at $29,000. Finally, Bank of New York Mellon Corp raised its stake in B. Riley Financial by 4.6% during the 2nd 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 period. 50.20% of the stock is owned by hedge funds and other institutional investors.

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.