B. Riley Reiterates “Buy” Rating for Real Industry, Inc. (NASDAQ:RELY)

B. Riley reissued their buy rating on shares of Real Industry, Inc. (NASDAQ:RELY) in a research report report published on Thursday, November 9th. They currently have a $5.00 price target on the financial services provider’s stock. B. Riley also issued estimates for Real Industry’s Q1 2018 earnings at ($0.27) EPS, Q2 2018 earnings at ($0.21) EPS, Q3 2018 earnings at ($0.10) EPS and Q4 2018 earnings at ($0.25) EPS.

Separately, Zacks Investment Research cut shares of Real Industry from a hold rating to a sell rating in a research note on Thursday, July 20th.

Real Industry (NASDAQ RELY) opened at $0.57 on Thursday. Real Industry has a 1 year low of $0.23 and a 1 year high of $6.70. The company has a debt-to-equity ratio of -0.30, a quick ratio of 0.32 and a current ratio of 0.55.

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Several institutional investors have recently bought and sold shares of RELY. Tocqueville Asset Management L.P. grew its stake in shares of Real Industry by 86.4% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 2,516,128 shares of the financial services provider’s stock valued at $7,297,000 after buying an additional 1,166,087 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Real Industry by 38.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 612,859 shares of the financial services provider’s stock valued at $1,776,000 after buying an additional 171,368 shares during the period. GMT Capital Corp purchased a new stake in shares of Real Industry in the 3rd quarter valued at approximately $262,000. Goldman Sachs Group Inc. grew its stake in shares of Real Industry by 393.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 171,007 shares of the financial services provider’s stock valued at $496,000 after buying an additional 136,353 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Real Industry by 38.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 397,910 shares of the financial services provider’s stock valued at $1,134,000 after buying an additional 109,824 shares during the period. 56.69% of the stock is owned by institutional investors and hedge funds.

About Real Industry

Real Industry, Inc is a holding company. The Company focuses on the operations of Real Alloy Holding, Inc (Real Alloy), which is engaged in aluminum recycling. The Company’s segments include Real Alloy North America (RANA) and Real Alloy Europe (RAEU). The RANA segment includes aluminum melting, processing, recycling and alloying activities conducted in approximately 20 facilities located in the United States, Canada and Mexico.

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