StockNews.com upgraded shares of B. Riley Financial (NASDAQ:RILY – Free Report) to a sell rating in a research report report published on Monday morning.
B. Riley Financial Price Performance
RILY stock opened at $4.84 on Monday. The firm has a 50 day moving average price of $5.36 and a 200-day moving average price of $13.63. B. Riley Financial has a 52-week low of $4.07 and a 52-week high of $40.09. The firm has a market capitalization of $146.65 million, a price-to-earnings ratio of -0.97 and a beta of 1.26. The company has a debt-to-equity ratio of 13.99, a quick ratio of 4.88 and a current ratio of 4.88.
Hedge Funds Weigh In On B. Riley Financial
A number of hedge funds have recently added to or reduced their stakes in RILY. Point72 Asia Singapore Pte. Ltd. purchased a new position in B. Riley Financial in the 3rd quarter worth approximately $29,000. FMR LLC raised its stake in B. Riley Financial by 1,085.3% during the 3rd quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock valued at $53,000 after buying an additional 9,225 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in B. Riley Financial during the 3rd quarter valued at $70,000. Ariadne Wealth Management LP purchased a new stake in B. Riley Financial during the 2nd quarter valued at $103,000. Finally, BNP Paribas Financial Markets raised its stake in B. Riley Financial by 136.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock valued at $114,000 after buying an additional 12,557 shares during the last quarter. 50.20% of the stock is currently owned by hedge funds and other institutional investors.
About B. Riley Financial
B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.
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