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

StockNews.com upgraded shares of B. Riley Financial (NASDAQ:RILY) to a sell rating in a research note released on Monday morning.

B. Riley Financial Trading Up 33.5 %

Shares of RILY opened at $4.54 on Monday. The firm’s 50-day moving average price is $4.55 and its 200-day moving average price is $5.25. The firm has a market capitalization of $138.47 million, a price-to-earnings ratio of -0.22 and a beta of 1.30. B. Riley Financial has a 1-year low of $2.73 and a 1-year high of $40.09.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results on Friday, February 21st. The asset manager reported ($4.97) earnings per share for the quarter. The company had revenue of $199.31 million for the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%.

Institutional Investors Weigh In On B. Riley Financial

Large investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of B. Riley Financial during the 3rd quarter valued at about $29,000. Albion Financial Group UT bought a new stake in B. Riley Financial during the fourth quarter worth about $30,000. Wells Fargo & Company MN boosted its stake in B. Riley Financial by 44.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager’s stock worth $44,000 after acquiring an additional 2,952 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in B. Riley Financial by 1,049.1% during the fourth quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager’s stock worth $45,000 after acquiring an additional 8,865 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in B. Riley Financial during the fourth quarter worth about $46,000. 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.