B. Riley Financial (NASDAQ:RILY) Given Sell (D-) Rating at Weiss Ratings

Key Points

• B. Riley Financial has been given a "sell (D-)" rating by Weiss Ratings, indicating a negative outlook for the stock.
• The company's stock traded up by 13.9% on Wednesday, reaching $6.64, but it has a 52-week low of $2.67 and a high of $7.90.
• Recent institutional investments have increased, with 50.20% of the stock now owned by hedge funds and other institutional investors.

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

B. Riley Financial Trading Up 13.9%

NASDAQ:RILY traded up $0.81 during trading hours on Wednesday, hitting $6.64. 1,173,864 shares of the stock were exchanged, compared to its average volume of 1,383,427. B. Riley Financial has a 52-week low of $2.67 and a 52-week high of $7.90. The firm's fifty day moving average price is $5.89 and its 200 day moving average price is $4.32. The company has a market cap of $203.18 million, a P/E ratio of -0.26 and a beta of 1.47.

B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The asset manager reported ($7.74) EPS for the quarter. The business had revenue of $201.38 million during the quarter.

Institutional Investors Weigh In On B. Riley Financial

A number of large investors have recently made changes to their positions in RILY. Straight Path Wealth Management grew its position in shares of B. Riley Financial by 12.2% in the first 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 in the last quarter. Bank of New York Mellon Corp grew its position in B. Riley Financial by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 61,374 shares of the asset manager's stock worth $238,000 after acquiring an additional 4,267 shares during the period. Federated Hermes Inc. grew its position in B. Riley Financial by 87.5% in the first quarter. Federated Hermes Inc. now owns 101,113 shares of the asset manager's stock worth $391,000 after acquiring an additional 47,187 shares during the period. XTX Topco Ltd purchased a new position in B. Riley Financial in the first quarter worth approximately $232,000. Finally, Charles Schwab Investment Management Inc. grew 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 worth $1,614,000 after acquiring an additional 219,114 shares during the period. 50.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

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