B. Riley Financial (NASDAQ:RILY) Raised to Sell at StockNews.com

B. Riley Financial (NASDAQ:RILY) was upgraded by analysts at StockNews.com to a “sell” rating in a research report issued on Monday.

B. Riley Financial Stock Performance

B. Riley Financial stock opened at $4.81 on Monday. B. Riley Financial has a 1-year low of $4.07 and a 1-year high of $40.09. 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 firm has a market capitalization of $145.74 million, a PE ratio of -0.96 and a beta of 1.26. The firm’s 50 day simple moving average is $5.39 and its 200 day simple moving average is $13.69.

Institutional Trading of B. Riley Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Public Sector Pension Investment Board increased its position in shares of B. Riley Financial by 5.0% in the second quarter. Public Sector Pension Investment Board now owns 36,008 shares of the asset manager’s stock worth $635,000 after purchasing an additional 1,729 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of B. Riley Financial by 17.4% in the 2nd quarter. Inspire Investing LLC now owns 20,004 shares of the asset manager’s stock worth $353,000 after buying an additional 2,968 shares during the last quarter. XTX Topco Ltd raised its position in shares of B. Riley Financial by 26.4% during the 2nd quarter. XTX Topco Ltd now owns 19,523 shares of the asset manager’s stock valued at $344,000 after buying an additional 4,072 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of B. Riley Financial during the 3rd quarter valued at $29,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of B. Riley Financial by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 132,168 shares of the asset manager’s stock worth $2,331,000 after acquiring an additional 5,755 shares during the last quarter. Hedge funds and other institutional investors 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.