B. Riley Financial (NASDAQ:RILY) Upgraded at StockNews.com

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

B. Riley Financial Stock Performance

NASDAQ RILY opened at $4.68 on Wednesday. B. Riley Financial has a twelve month low of $4.07 and a twelve month high of $40.09. The stock has a market capitalization of $141.78 million, a price-to-earnings ratio of -0.93 and a beta of 1.24. The company has a current ratio of 4.88, a quick ratio of 4.88 and a debt-to-equity ratio of 13.99. The stock has a 50-day moving average of $5.33 and a 200 day moving average of $9.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RILY. Commonwealth Equity Services LLC acquired a new position in B. Riley Financial during the 2nd quarter worth about $2,049,000. Davies Financial Advisors Inc. acquired a new stake in shares of B. Riley Financial in the 2nd quarter valued at about $2,006,000. B. Riley Wealth Advisors Inc. boosted its stake in B. Riley Financial by 239.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 77,552 shares of the asset manager’s stock worth $1,368,000 after purchasing an additional 54,721 shares during the period. Marshall Wace LLP purchased a new position in shares of B. Riley Financial during the second quarter worth about $509,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of B. Riley Financial during the third quarter worth approximately $100,000. Institutional investors and hedge funds own 50.20% of the company’s stock.

About B. Riley Financial

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.