B. Riley Financial (NASDAQ:RILY) Stock Rating Upgraded by StockNews.com

B. Riley Financial (NASDAQ:RILY) was upgraded by research analysts at StockNews.com to a “sell” rating in a report issued on Tuesday.

B. Riley Financial Trading Down 13.6 %

NASDAQ RILY opened at $3.95 on Tuesday. The company has a fifty day moving average of $5.04 and a 200 day moving average of $8.09. The company has a market capitalization of $119.67 million, a PE ratio of -0.79 and a beta of 1.30. The company has a debt-to-equity ratio of 13.99, a current ratio of 4.88 and a quick ratio of 4.88. B. Riley Financial has a 1 year low of $3.94 and a 1 year high of $40.09.

Institutional Trading of B. Riley Financial

Hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in B. Riley Financial in the 3rd quarter worth $29,000. Ariadne Wealth Management LP acquired a new stake in shares of B. Riley Financial in the second quarter valued at about $103,000. FMR LLC increased its stake in shares of B. Riley Financial by 1,085.3% during the third quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock worth $53,000 after purchasing an additional 9,225 shares in the last quarter. Ensign Peak Advisors Inc purchased a new stake in shares of B. Riley Financial during the second quarter worth about $190,000. Finally, Point72 DIFC Ltd acquired a new position in shares of B. Riley Financial during the 3rd quarter worth about $70,000. 50.20% of the stock is owned by hedge funds and other institutional investors.

B. Riley Financial Company Profile

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.