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 published on Monday morning.

B. Riley Financial Trading Down 0.4 %

Shares of RILY stock opened at $4.82 on Monday. B. Riley Financial has a 1 year low of $4.07 and a 1 year high of $40.09. The firm has a fifty day moving average price of $5.36 and a 200-day moving average price of $13.63. The company has a market cap of $146.13 million, a price-to-earnings ratio of -0.96 and a beta of 1.26. The company has a debt-to-equity ratio of 13.99, a current ratio of 4.88 and a quick ratio of 4.88.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC purchased a new position in B. Riley Financial during the second quarter valued at approximately $2,049,000. Davies Financial Advisors Inc. bought a new position in B. Riley Financial in the 2nd quarter worth $2,006,000. TrueMark Investments LLC purchased a new stake in B. Riley Financial in the 2nd quarter worth $1,197,000. Harbor Capital Advisors Inc. raised its holdings in B. Riley Financial by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 82,645 shares of the asset manager’s stock valued at $1,458,000 after acquiring an additional 60,512 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of B. Riley Financial by 239.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 77,552 shares of the asset manager’s stock valued at $1,368,000 after acquiring an additional 54,721 shares in the last quarter. 50.20% of the stock is currently owned by institutional investors.

B. Riley Financial Company Profile

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.