B. Riley Financial (NASDAQ:RILY - Get Free Report) was upgraded by StockNews.com to a "sell" rating in a research report issued to clients and investors on Tuesday.
B. Riley Financial Trading Down 10.8 %
Shares of RILY stock traded down $4.15 during trading hours on Tuesday, reaching $34.40. 1,387,789 shares of the stock traded hands, compared to its average volume of 1,471,055. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 14.33. The firm has a market capitalization of $1.04 billion, a PE ratio of -12.61 and a beta of 1.56. B. Riley Financial has a 1-year low of $14.46 and a 1-year high of $60.72. The business has a fifty day moving average price of $21.34 and a 200 day moving average price of $23.57.
B. Riley Financial (NASDAQ:RILY - Get Free Report) last announced its earnings results on Thursday, February 29th. The asset manager reported ($1.86) earnings per share (EPS) for the quarter. The firm had revenue of $346.51 million for the quarter. B. Riley Financial had a negative net margin of 4.75% and a negative return on equity of 8.40%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RILY. Vanguard Group Inc. boosted its stake in shares of B. Riley Financial by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,192,119 shares of the asset manager's stock valued at $48,865,000 after buying an additional 43,247 shares during the period. Punch & Associates Investment Management Inc. raised its holdings in shares of B. Riley Financial by 15.5% during the third quarter. Punch & Associates Investment Management Inc. now owns 776,020 shares of the asset manager's stock worth $31,809,000 after acquiring an additional 104,344 shares in the last quarter. FMR LLC boosted its position in B. Riley Financial by 51,501.0% during the third quarter. FMR LLC now owns 703,837 shares of the asset manager's stock valued at $28,850,000 after purchasing an additional 702,473 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in B. Riley Financial by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 326,428 shares of the asset manager's stock valued at $6,852,000 after purchasing an additional 49,973 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in B. Riley Financial by 6.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 290,894 shares of the asset manager's stock worth $6,106,000 after purchasing an additional 18,326 shares during the last quarter. 50.20% of the stock is owned by hedge funds and other institutional investors.
B. Riley Financial Company Profile
(
Get Free Report)
B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.
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