B. Riley Financial (NASDAQ:RILY) Stock Rating Upgraded by Wall Street Zen

B. Riley Financial (NASDAQ:RILY) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of B. Riley Financial in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, B. Riley Financial has a consensus rating of “Sell”.

B. Riley Financial Trading Down 9.1%

NASDAQ:RILY opened at $8.36 on Friday. The firm has a market cap of $255.82 million, a P/E ratio of 1.19 and a beta of 1.27. The stock’s 50 day simple moving average is $5.96 and its 200-day simple moving average is $5.75. B. Riley Financial has a 12-month low of $2.67 and a 12-month high of $10.97.

Institutional Investors Weigh In On B. Riley Financial

Several institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd grew its stake in shares of B. Riley Financial by 4.2% during the 2nd quarter. XTX Topco Ltd now owns 62,517 shares of the asset manager’s stock worth $186,000 after purchasing an additional 2,531 shares during the period. Addison Advisors LLC boosted its holdings in B. Riley Financial by 37.8% during the second quarter. Addison Advisors LLC now owns 11,545 shares of the asset manager’s stock worth $34,000 after buying an additional 3,165 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in B. Riley Financial during the third quarter worth about $25,000. Bank of America Corp DE increased 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 valued at $42,000 after buying an additional 4,898 shares in the last quarter. Finally, Engineers Gate Manager LP increased its holdings 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 buying an additional 7,044 shares in the last quarter. 50.20% of the stock is currently owned by hedge funds and other 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.