Wall Street Zen Upgrades B. Riley Financial (NASDAQ:RILY) to Strong-Buy

B. Riley Financial (NASDAQ:RILYGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

B. Riley Financial Stock Performance

NASDAQ RILY opened at $9.01 on Friday. The company has a fifty day moving average of $7.63 and a two-hundred day moving average of $6.60. The company has a market capitalization of $334.54 million, a PE ratio of 0.54 and a beta of 1.17. B. Riley Financial has a 1 year low of $2.79 and a 1 year high of $10.97. The company has a debt-to-equity ratio of 10.30, a current ratio of 3.95 and a quick ratio of 3.95.

B. Riley Financial (NASDAQ:RILYGet Free Report) last posted its earnings results on Thursday, May 7th. The asset manager reported $6.57 EPS for the quarter. B. Riley Financial had a negative return on equity of 330.83% and a net margin of 46.81%.The business had revenue of $217.19 million for the quarter.

Institutional Investors Weigh In On B. Riley Financial

Large investors have recently modified their holdings of the company. XTX Topco Ltd increased its holdings in shares of B. Riley Financial by 4.2% in the 2nd quarter. XTX Topco Ltd now owns 62,517 shares of the asset manager’s stock valued at $186,000 after acquiring an additional 2,531 shares during the period. Russell Investments Group Ltd. raised its position in B. Riley Financial by 144.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,504 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 8,582 shares during the last quarter. Jump Financial LLC acquired a new stake in B. Riley Financial during the 2nd quarter worth $45,000. Federated Hermes Inc. boosted its stake in B. Riley Financial by 78.0% during the 2nd quarter. Federated Hermes Inc. now owns 179,960 shares of the asset manager’s stock worth $534,000 after purchasing an additional 78,847 shares during the period. Finally, Engineers Gate Manager LP grew its position in B. Riley Financial by 70.0% during the 2nd quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager’s stock worth $51,000 after purchasing an additional 7,044 shares during the last quarter. 50.20% of the stock is owned by institutional investors and hedge funds.

About B. Riley Financial

(Get Free Report)

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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