B. Riley Financial (NASDAQ:RILY) Upgraded at StockNews.com

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

B. Riley Financial Stock Performance

RILY opened at $4.50 on Tuesday. The company has a debt-to-equity ratio of 13.99, a quick ratio of 4.88 and a current ratio of 4.88. B. Riley Financial has a 52-week low of $3.94 and a 52-week high of $40.09. The firm has a market cap of $136.33 million, a P/E ratio of -0.90 and a beta of 1.30. The business’s fifty day moving average is $5.02 and its 200-day moving average is $8.00.

Hedge Funds Weigh In On B. Riley Financial

Several hedge funds have recently bought and sold shares of RILY. Sanctuary Advisors LLC acquired a new stake in shares of B. Riley Financial during the 3rd quarter worth approximately $100,000. FMR LLC boosted its holdings in shares of B. Riley Financial by 1,085.3% in the 3rd quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock valued at $53,000 after purchasing an additional 9,225 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of B. Riley Financial by 136.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock valued at $114,000 after purchasing an additional 12,557 shares in the last quarter. B. Riley Wealth Advisors Inc. increased 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. Finally, Ensign Peak Advisors Inc acquired a new position in shares of B. Riley Financial during the 2nd quarter worth $190,000. 50.20% of the stock is owned by institutional investors.

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.