StockNews.com Upgrades B. Riley Financial (NASDAQ:RILY) to “Sell”

StockNews.com upgraded shares of B. Riley Financial (NASDAQ:RILY) to a sell rating in a report issued on Saturday.

B. Riley Financial Trading Down 1.0 %

Shares of RILY stock opened at $5.25 on Friday. The stock has a 50 day simple moving average of $9.17 and a 200-day simple moving average of $18.41. B. Riley Financial has a 1-year low of $4.51 and a 1-year high of $43.41. The company has a debt-to-equity ratio of 13.99, a current ratio of 4.88 and a quick ratio of 4.88. The company has a market cap of $159.05 million, a price-to-earnings ratio of -1.05 and a beta of 1.29.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Ariadne Wealth Management LP purchased a new stake in B. Riley Financial in the 2nd quarter valued at $103,000. B. Riley Wealth Advisors Inc. grew its stake in shares of B. Riley Financial by 239.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 77,552 shares of the asset manager’s stock valued at $1,368,000 after purchasing an additional 54,721 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of B. Riley Financial in the second quarter valued at approximately $509,000. Public Sector Pension Investment Board raised its holdings in B. Riley Financial by 5.0% during 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. Finally, Ensign Peak Advisors Inc acquired a new position in shares of B. Riley Financial in the second quarter worth $190,000. 50.20% of the stock is owned by institutional investors and hedge funds.

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.