B. Riley Financial (NASDAQ:RILY) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• B. Riley Financial's stock has received a "sell (D-)" rating from Weiss Ratings, indicating a negative outlook on the company's performance.
• The company's stock price rose to $5.53 with a market capitalization of $169.22 million, despite having a price-to-earnings ratio of -0.22.
• Significant institutional investment changes include a 110.6% increase in holdings by Charles Schwab Investment Management and a 87.5% rise by Federated Hermes Inc.

B. Riley Financial (NASDAQ:RILY - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

B. Riley Financial Stock Performance

RILY stock traded up $0.30 during trading on Friday, reaching $5.53. 548,932 shares of the company traded hands, compared to its average volume of 1,335,193. B. Riley Financial has a 12 month low of $2.67 and a 12 month high of $7.90. The business has a 50 day simple moving average of $5.92 and a 200 day simple moving average of $4.46. The company has a market capitalization of $169.22 million, a price-to-earnings ratio of -0.22 and a beta of 1.47.

B. Riley Financial (NASDAQ:RILY - Get Free Report) last issued its quarterly earnings data on Thursday, March 16th. The asset manager reported $2.70 earnings per share for the quarter. The company had revenue of $345.47 million for the quarter.

Hedge Funds Weigh In On B. Riley Financial

Several hedge funds and other institutional investors have recently modified their holdings of RILY. Straight Path Wealth Management raised its position in shares of B. Riley Financial by 12.2% in the 1st quarter. Straight Path Wealth Management now owns 93,500 shares of the asset manager's stock valued at $362,000 after purchasing an additional 10,200 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of B. Riley Financial by 7.5% during the first quarter. Bank of New York Mellon Corp now owns 61,374 shares of the asset manager's stock worth $238,000 after purchasing an additional 4,267 shares during the period. Federated Hermes Inc. lifted its holdings in shares of B. Riley Financial by 87.5% during the first quarter. Federated Hermes Inc. now owns 101,113 shares of the asset manager's stock worth $391,000 after purchasing an additional 47,187 shares during the period. XTX Topco Ltd purchased a new stake in B. Riley Financial in the first quarter valued at approximately $232,000. Finally, Charles Schwab Investment Management Inc. boosted its position in B. Riley Financial by 110.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 417,155 shares of the asset manager's stock valued at $1,614,000 after buying an additional 219,114 shares during the last quarter. 50.20% of the stock is owned by hedge funds and other 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.

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