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

StockNews.com upgraded shares of B. Riley Financial (NASDAQ:RILY) to a sell rating in a research note published on Tuesday morning.

B. Riley Financial Stock Down 7.4 %

RILY stock opened at $31.10 on Tuesday. The stock’s fifty day simple moving average is $22.71 and its two-hundred day simple moving average is $23.59. The company has a current ratio of 4.88, a quick ratio of 4.88 and a debt-to-equity ratio of 14.33. B. Riley Financial has a 1-year low of $14.46 and a 1-year high of $60.72. The stock has a market cap of $937.35 million, a P/E ratio of -11.15 and a beta of 1.34.

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

B. Riley Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a $0.50 dividend. The ex-dividend date was Friday, March 8th. This represents a $2.00 annualized dividend and a yield of 6.43%. B. Riley Financial’s dividend payout ratio is currently -71.68%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RILY. LexAurum Advisors LLC purchased a new position in shares of B. Riley Financial during the 1st quarter valued at $608,000. Ridgewood Investments LLC lifted its position in shares of B. Riley Financial by 33.3% during the 1st quarter. Ridgewood Investments LLC now owns 19,489 shares of the asset manager’s stock valued at $413,000 after buying an additional 4,866 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of B. Riley Financial during the 4th quarter valued at $1,001,000. B. Riley Wealth Advisors Inc. lifted its position in shares of B. Riley Financial by 97.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 45,050 shares of the asset manager’s stock valued at $946,000 after buying an additional 22,219 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of B. Riley Financial during the 4th quarter valued at $713,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

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.