B. Riley Financial (NASDAQ:RILY) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
B. Riley Financial (RILY) traded up $0.25 during trading hours on Wednesday, hitting $18.95. 69,823 shares of the stock were exchanged, compared to its average volume of 53,140. The company has a market cap of $501.56, a P/E ratio of 12.57 and a beta of 0.71. B. Riley Financial has a one year low of $13.55 and a one year high of $20.35. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 3.07.
Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its holdings in shares of B. Riley Financial by 29.6% during the 2nd quarter. California State Teachers Retirement System now owns 24,216 shares of the asset manager’s stock worth $449,000 after acquiring an additional 5,530 shares during the period. Russell Investments Group Ltd. bought a new position in B. Riley Financial during the 3rd quarter valued at about $3,342,000. State Street Corp lifted its holdings in B. Riley Financial by 92.6% during the 2nd quarter. State Street Corp now owns 209,692 shares of the asset manager’s stock valued at $3,889,000 after purchasing an additional 100,833 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in B. Riley Financial by 814.7% during the 3rd quarter. Wells Fargo & Company MN now owns 112,804 shares of the asset manager’s stock valued at $1,923,000 after purchasing an additional 100,471 shares during the last quarter. Finally, California Public Employees Retirement System bought a new position in B. Riley Financial during the 2nd quarter valued at about $625,000. 47.28% of the stock is owned by institutional investors.
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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