Wall Street Zen cut shares of B. Riley Financial (NASDAQ:RILY – Free Report) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings cut B. Riley Financial from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.
Get Our Latest Analysis on RILY
B. Riley Financial Stock Down 3.7%
Shares of NASDAQ RILY opened at $3.65 on Friday. The company has a market capitalization of $146.73 million, a price-to-earnings ratio of 0.97 and a beta of 1.20. The company has a debt-to-equity ratio of 7.13, a current ratio of 3.95 and a quick ratio of 3.95. The business has a 50-day moving average of $5.27 and a two-hundred day moving average of $7.19. B. Riley Financial has a 1 year low of $3.50 and a 1 year high of $11.24.
B. Riley Financial (NASDAQ:RILY – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The asset manager reported ($6.04) earnings per share (EPS) for the quarter. B. Riley Financial had a return on equity of 113.28% and a net margin of 8.83%. The business had revenue of $161.32 million for the quarter.
Institutional Investors Weigh In On B. Riley Financial
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new stake in B. Riley Financial in the first quarter valued at $1,832,000. Bank of America Corp DE grew its holdings in shares of B. Riley Financial by 2,715.4% during the first quarter. Bank of America Corp DE now owns 53,830 shares of the asset manager’s stock worth $394,000 after purchasing an additional 51,918 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of B. Riley Financial during the first quarter worth about $359,000. 50.20% of the stock is currently owned by institutional investors and hedge funds.
About B. Riley Financial
B. Riley Financial, Inc is a diversified financial services company that provides investment banking, institutional brokerage, wealth management, asset appraisal, valuation, liquidation and restructuring services. Through its businesses, the company works with public and private companies, institutional investors, private equity firms, financial institutions and individual clients.
The company’s capital markets operations, including B. Riley Securities, offer investment banking, equity research, sales and trading, and related advisory services.
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