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

B. Riley Financial (NASDAQ:RILY) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Tuesday.

B. Riley Financial Stock Up 4.7 %

RILY opened at $38.55 on Tuesday. The business’s fifty day simple moving average is $20.92 and its 200 day simple moving average is $23.58. B. Riley Financial has a 52 week low of $14.46 and a 52 week high of $60.72. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 14.33. The stock has a market cap of $1.17 billion, a PE ratio of -13.82 and a beta of 1.56.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings data on Thursday, February 29th. The asset manager reported ($1.86) earnings per share for the quarter. The firm had revenue of $346.51 million for the quarter. B. Riley Financial had a negative net margin of 4.75% and a negative return on equity of 8.40%.

Institutional Trading of B. Riley Financial

Several institutional investors have recently added to or reduced their stakes in RILY. LexAurum Advisors LLC purchased a new stake in B. Riley Financial during the 1st quarter valued at about $608,000. Ridgewood Investments LLC boosted its stake in shares of B. Riley Financial by 33.3% during the first quarter. Ridgewood Investments LLC now owns 19,489 shares of the asset manager’s stock valued at $413,000 after purchasing an additional 4,866 shares during the period. Quadrature Capital Ltd bought a new position in shares of B. Riley Financial in the fourth quarter worth approximately $1,001,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of B. Riley Financial by 97.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 45,050 shares of the asset manager’s stock worth $946,000 after purchasing an additional 22,219 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of B. Riley Financial in the fourth quarter worth $713,000. 50.20% of the stock is currently 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, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.