B. Riley Financial (NASDAQ:RILY) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded B. Riley Financial from “Buy” to “Hold,” while Weiss Ratings maintained a “Sell (D+)” rating. MarketBeat reports a consensus “Sell” rating from analysts.
• B. Riley shares opened at $7.18, with a 52-week range of $3.64 to $11.24 and a market capitalization of approximately $266.6 million.
• The company reported quarterly EPS of $0.45 on revenue of $239.36 million, while institutional investors own approximately 50.2% of the stock.

B. Riley Financial (NASDAQ:RILY - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of B. Riley Financial in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, B. Riley Financial has a consensus rating of "Sell".

B. Riley Financial Price Performance

NASDAQ RILY opened at $7.18 on Friday. B. Riley Financial has a 52 week low of $3.64 and a 52 week high of $11.24. The firm has a market capitalization of $266.59 million, a P/E ratio of 0.57 and a beta of 1.23. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 10.30. The company has a 50-day moving average price of $7.86 and a 200-day moving average price of $7.91.

B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The asset manager reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $239.36 million for the quarter. B. Riley Financial had a net margin of 35.88% and a negative return on equity of 629.79%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in B. Riley Financial by 2,715.4% in the 1st quarter. Bank of America Corp DE now owns 53,830 shares of the asset manager's stock worth $394,000 after buying an additional 51,918 shares during the period. Renaissance Technologies LLC purchased a new stake in B. Riley Financial in the 1st quarter worth $1,832,000. State of Wyoming bought a new stake in B. Riley Financial during the first quarter valued at about $359,000. XTX Topco Ltd bought a new stake in B. Riley Financial during the fourth quarter valued at about $221,000. Finally, CastleKnight Management LP purchased a new position in shares of B. Riley Financial in the fourth quarter valued at about $568,000. Hedge funds and other institutional investors own 50.20% of the company's stock.

About B. Riley Financial

B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.

In addition to traditional investment banking, B.

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