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

Wall Street Zen upgraded shares of B. Riley Financial (NASDAQ:RILY) from a hold rating to a buy rating in a research note issued to investors on Saturday.

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

B. Riley Financial Price Performance

RILY stock opened at $6.80 on Friday. The company has a market cap of $239.03 million, a PE ratio of 0.69 and a beta of 1.20. The business has a 50-day simple moving average of $7.33 and a 200 day simple moving average of $6.21. B. Riley Financial has a 52 week low of $2.67 and a 52 week high of $10.97.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings results on Wednesday, April 1st. The asset manager reported $2.77 earnings per share for the quarter. The firm had revenue of $224.67 million for the quarter.

Hedge Funds Weigh In On B. Riley Financial

Institutional investors have recently modified their holdings of the business. XTX Topco Ltd bought a new position in shares of B. Riley Financial during the 4th quarter valued at approximately $221,000. CastleKnight Management LP purchased a new position in shares of B. Riley Financial in the fourth quarter valued at $568,000. Boothbay Fund Management LLC purchased a new position in B. Riley Financial during the 4th quarter valued at about $60,000. Bridgeway Capital Management LLC purchased a new position in B. Riley Financial during the fourth quarter valued at approximately $187,000. Finally, 683 Capital Management LLC bought a new position in shares of B. Riley Financial in the fourth quarter worth $374,000. 50.20% of the stock is owned by institutional investors.

B. Riley Financial Company Profile

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.