Wall Street Zen Downgrades B. Riley Financial (NASDAQ:RILY) to Buy

B. Riley Financial (NASDAQ:RILY) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of B. Riley Financial in a research note on Monday, June 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

B. Riley Financial Stock Performance

Shares of RILY stock opened at $7.98 on Friday. The company has a market cap of $296.30 million, a P/E ratio of 0.48 and a beta of 1.20. The stock has a 50 day simple moving average of $8.84 and a two-hundred day simple moving average of $7.68. The company has a debt-to-equity ratio of 10.30, a quick ratio of 3.95 and a current ratio of 3.95. B. Riley Financial has a fifty-two week low of $3.21 and a fifty-two week high of $11.24.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings results on Thursday, May 7th. The asset manager reported $6.57 earnings per share (EPS) for the quarter. The firm had revenue of $217.19 million for the quarter. B. Riley Financial had a negative return on equity of 330.83% and a net margin of 46.81%.

Institutional Trading of B. Riley Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in B. Riley Financial by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 194,105 shares of the asset manager’s stock valued at $907,000 after buying an additional 1,886 shares in the last quarter. XTX Topco Ltd boosted its holdings in B. Riley Financial by 4.2% in the second quarter. XTX Topco Ltd now owns 62,517 shares of the asset manager’s stock worth $186,000 after acquiring an additional 2,531 shares in the last quarter. Bank of America Corp DE boosted its holdings in B. Riley Financial by 237.2% in the third quarter. Bank of America Corp DE now owns 6,963 shares of the asset manager’s stock worth $42,000 after acquiring an additional 4,898 shares in the last quarter. Engineers Gate Manager LP grew its stake in B. Riley Financial by 70.0% in the second quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager’s stock valued at $51,000 after acquiring an additional 7,044 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in B. Riley Financial by 144.9% in the second quarter. Russell Investments Group Ltd. now owns 14,504 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 8,582 shares during the period. 50.20% of the stock is owned by institutional investors.

About B. Riley Financial

B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.

In addition to traditional investment banking, B.