B. Riley Financial (NASDAQ:RILY) Stock Rating Upgraded by StockNews.com

B. Riley Financial (NASDAQ:RILY) was upgraded by research analysts at StockNews.com to a “sell” rating in a report issued on Tuesday.

B. Riley Financial Trading Down 8.7 %

RILY traded down $0.47 during trading on Tuesday, reaching $4.95. 3,471,065 shares of the company’s stock were exchanged, compared to its average volume of 2,027,880. The company’s fifty day moving average price is $6.54 and its 200-day moving average price is $17.40. 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 fifty-two week low of $4.07 and a fifty-two week high of $42.50. The firm has a market capitalization of $149.96 million, a PE ratio of -0.99 and a beta of 1.29.

Institutional Trading of B. Riley Financial

A number of institutional investors have recently bought and sold shares of the business. Public Sector Pension Investment Board grew its holdings in B. Riley Financial by 5.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 36,008 shares of the asset manager’s stock worth $635,000 after acquiring an additional 1,729 shares during the period. Inspire Investing LLC grew its holdings in B. Riley Financial by 17.4% during the 2nd quarter. Inspire Investing LLC now owns 20,004 shares of the asset manager’s stock worth $353,000 after acquiring an additional 2,968 shares during the period. XTX Topco Ltd grew its holdings in B. Riley Financial by 26.4% during the 2nd quarter. XTX Topco Ltd now owns 19,523 shares of the asset manager’s stock worth $344,000 after acquiring an additional 4,072 shares during the period. Ridgewood Investments LLC grew its holdings in B. Riley Financial by 33.3% during the 1st quarter. Ridgewood Investments LLC now owns 19,489 shares of the asset manager’s stock worth $413,000 after acquiring an additional 4,866 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of B. Riley Financial by 4.6% in the 2nd 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. 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.