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

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

B. Riley Financial Price Performance

Shares of RILY opened at $3.95 on Tuesday. The company has a 50 day moving average of $5.04 and a two-hundred day moving average of $8.09. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99. B. Riley Financial has a twelve month low of $3.94 and a twelve month high of $40.09. The company has a market cap of $119.67 million, a price-to-earnings ratio of -0.79 and a beta of 1.30.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of B. Riley Financial during the third quarter valued at $29,000. FMR LLC lifted its position in B. Riley Financial by 1,085.3% during the 3rd quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock worth $53,000 after acquiring an additional 9,225 shares during the period. Point72 DIFC Ltd acquired a new stake in B. Riley Financial during the 3rd quarter worth about $70,000. Sanctuary Advisors LLC purchased a new stake in B. Riley Financial during the 3rd quarter valued at about $100,000. Finally, Ariadne Wealth Management LP acquired a new position in shares of B. Riley Financial in the second quarter valued at about $103,000. 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.