B. Riley Financial (NASDAQ:RILY – Get Free Report) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued on Saturday.
B. Riley Financial Stock Performance
NASDAQ:RILY opened at $5.31 on Friday. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99. The firm has a 50-day moving average price of $9.40 and a 200 day moving average price of $18.51. The firm has a market capitalization of $160.71 million, a PE ratio of -1.06 and a beta of 1.29. B. Riley Financial has a 12-month low of $4.51 and a 12-month high of $43.41.
Hedge Funds Weigh In On B. Riley Financial
Hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC acquired a new position in B. Riley Financial during the second quarter worth $2,049,000. Davies Financial Advisors Inc. bought a new position in B. Riley Financial during the 2nd quarter valued at about $2,006,000. TrueMark Investments LLC bought a new position in B. Riley Financial during the 2nd quarter valued at about $1,197,000. Harbor Capital Advisors Inc. boosted its position in B. Riley Financial by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 82,645 shares of the asset manager’s stock valued at $1,458,000 after buying an additional 60,512 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in B. Riley Financial by 239.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 77,552 shares of the asset manager’s stock worth $1,368,000 after buying an additional 54,721 shares during the last quarter. 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.
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