B. Riley Financial (RILY) Upgraded by BidaskClub to Hold

B. Riley Financial (NASDAQ:RILY) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

B. Riley Financial (RILY) traded up $0.40 during midday trading on Friday, reaching $19.65. 64,402 shares of the company’s stock were exchanged, compared to its average volume of 39,405. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 3.07. The company has a market cap of $520.10, a P/E ratio of 11.42 and a beta of 0.99. B. Riley Financial has a 52-week low of $13.55 and a 52-week high of $21.30.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings data on Wednesday, November 8th. The asset manager reported $0.31 earnings per share (EPS) for the quarter. B. Riley Financial had a net margin of 9.87% and a return on equity of 17.98%.

In other B. Riley Financial news, CEO Bryant R. Riley acquired 8,679 shares of the business’s stock in a transaction on Monday, November 20th. The stock was purchased at an average price of $17.75 per share, with a total value of $154,052.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Bryant R. Riley acquired 38,572 shares of the business’s stock in a transaction on Friday, December 1st. The stock was acquired at an average cost of $17.89 per share, with a total value of $690,053.08. The disclosure for this purchase can be found here. Insiders acquired a total of 54,576 shares of company stock valued at $969,729 in the last three months. Insiders own 30.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in B. Riley Financial in the 3rd quarter valued at about $116,000. Cornerstone Capital Management Holdings LLC. boosted its holdings in B. Riley Financial by 110.3% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 7,627 shares of the asset manager’s stock valued at $130,000 after purchasing an additional 4,000 shares during the period. Nationwide Fund Advisors boosted its holdings in B. Riley Financial by 43.9% in the 2nd quarter. Nationwide Fund Advisors now owns 7,956 shares of the asset manager’s stock valued at $148,000 after purchasing an additional 2,428 shares during the period. First Trust Advisors LP bought a new stake in B. Riley Financial in the 3rd quarter valued at about $210,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in B. Riley Financial by 592.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,397 shares of the asset manager’s stock valued at $211,000 after purchasing an additional 9,750 shares during the period. 45.81% of the stock is owned by hedge funds and other institutional investors.

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B. Riley Financial Company Profile

B. Riley Financial, Inc is an independent investment bank. The Company’s segments include capital markets, auction and liquidation, valuation and appraisal, and Principal Investments-United Online. The capital markets segment provides an array of investment banking, corporate finance, research, wealth management, sales and trading services to corporate, institutional and high net worth clients.

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