B. Riley Financial (NASDAQ:RILY) Shares Pass Above 50 Day Moving Average - Should You Sell?

Key Points

• Shares of B. Riley Financial crossed above its 50‑day moving average
• Analyst sentiment is mixed: Weiss Ratings reissued a sell, Wall Street Zen upgraded to a buy, and the stock's average rating remains "Sell".
• Fundamentals show a market capitalization of $221.35 million and a P/E of 1.01; the company reported quarterly EPS of $2.91 on $75.7 million revenue, with institutional investors owning about 50.2% of shares.

Shares of B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $7.25 and traded as high as $7.40. B. Riley Financial shares last traded at $7.09, with a volume of 1,052,359 shares traded.

Analyst Ratings Changes

A number of analysts have recently commented on RILY shares. Weiss Ratings reissued a "sell (e+)" rating on shares of B. Riley Financial in a research note on Monday, December 29th. Wall Street Zen upgraded shares of B. Riley Financial from a "hold" rating to a "buy" rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of "Sell".

B. Riley Financial Price Performance

The firm has a market capitalization of $221.35 million, a P/E ratio of 1.01 and a beta of 1.27. The company has a fifty day moving average of $7.25 and a 200 day moving average of $5.99.

B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its quarterly earnings data on Wednesday, January 14th. The asset manager reported $2.91 EPS for the quarter. The firm had revenue of $75.70 million during the quarter.

Institutional Investors Weigh In On B. Riley Financial

Several institutional investors and hedge funds have recently made changes to their positions in RILY. Soviero Asset Management LP bought a new stake in B. Riley Financial in the third quarter worth approximately $2,211,000. Charles Schwab Investment Management Inc. grew its position in shares of B. Riley Financial by 25.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,123,179 shares of the asset manager's stock worth $5,245,000 after buying an additional 224,858 shares during the period. Allianz Asset Management GmbH bought a new stake in shares of B. Riley Financial in the 3rd quarter valued at $1,087,000. Federated Hermes Inc. lifted its position in shares of B. Riley Financial by 82.2% during the 4th quarter. Federated Hermes Inc. now owns 329,222 shares of the asset manager's stock valued at $1,537,000 after acquiring an additional 148,554 shares during the period. Finally, Jump Financial LLC bought a new position in B. Riley Financial during the fourth quarter worth $694,000. Institutional investors own 50.20% of the company's stock.

B. Riley Financial Company Profile

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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