StockNews.com Upgrades B. Riley Financial (NASDAQ:RILY) to “Sell”

B. Riley Financial (NASDAQ:RILY) was upgraded by equities researchers at StockNews.com to a “sell” rating in a note issued to investors on Wednesday.

B. Riley Financial Price Performance

NASDAQ RILY opened at $7.22 on Wednesday. The company has a market cap of $218.73 million, a PE ratio of -1.44 and a beta of 1.32. B. Riley Financial has a 52 week low of $6.89 and a 52 week high of $52.74. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99. The firm’s 50-day simple moving average is $18.17 and its two-hundred day simple moving average is $21.68.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings data on Wednesday, May 15th. The asset manager reported ($1.71) earnings per share for the quarter. B. Riley Financial had a negative return on equity of 25.84% and a negative net margin of 9.28%. The company had revenue of $343.03 million during the quarter.

Institutional Trading of B. Riley Financial

A number of hedge funds have recently made changes to their positions in RILY. Vanguard Group Inc. increased its holdings in shares of B. Riley Financial by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,253,591 shares of the asset manager’s stock worth $26,539,000 after purchasing an additional 6,622 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in B. Riley Financial by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 326,428 shares of the asset manager’s stock valued at $6,852,000 after purchasing an additional 49,973 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in B. Riley Financial by 6.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 290,894 shares of the asset manager’s stock worth $6,106,000 after buying an additional 18,326 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in B. Riley Financial by 818.2% during the fourth quarter. BNP Paribas Financial Markets now owns 181,449 shares of the asset manager’s stock valued at $3,809,000 after purchasing an additional 161,687 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of B. Riley Financial by 71.1% in the fourth quarter. Victory Capital Management Inc. now owns 156,770 shares of the asset manager’s stock worth $3,291,000 after purchasing an additional 65,130 shares in the last quarter. 50.20% of the stock is owned by 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, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.