B. Riley Financial (NASDAQ:RILY) Raised 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 report issued on Wednesday.

B. Riley Financial Price Performance

B. Riley Financial stock traded down $0.01 during trading hours on Wednesday, hitting $4.85. The stock had a trading volume of 219,425 shares, compared to its average volume of 1,858,988. 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 stock’s fifty day moving average is $5.35 and its two-hundred day moving average is $9.51. B. Riley Financial has a 1-year low of $4.07 and a 1-year high of $40.09. The stock has a market capitalization of $146.93 million, a price-to-earnings ratio of -0.97 and a beta of 1.24.

Institutional Investors Weigh In On B. Riley Financial

Large investors have recently bought and sold shares of the stock. Davies Financial Advisors Inc. lifted its position in shares of B. Riley Financial by 95.1% in the third quarter. Davies Financial Advisors Inc. now owns 221,960 shares of the asset manager’s stock valued at $1,165,000 after acquiring an additional 108,215 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in B. Riley Financial by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 132,168 shares of the asset manager’s stock valued at $2,331,000 after buying an additional 5,755 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of B. Riley Financial during the 2nd quarter valued at $2,049,000. Straight Path Wealth Management lifted its stake in shares of B. Riley Financial by 30.0% during the third quarter. Straight Path Wealth Management now owns 84,500 shares of the asset manager’s stock worth $444,000 after purchasing an additional 19,500 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in shares of B. Riley Financial by 239.7% during 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 buying an additional 54,721 shares during the period. Institutional investors and hedge funds own 50.20% of the company’s stock.

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.