B. Riley Financial (NASDAQ:RILY) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of B. Riley Financial (NASDAQ:RILY) from a buy rating to a hold rating in a report published on Saturday.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of B. Riley Financial in a report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, B. Riley Financial presently has an average rating of “Sell”.

B. Riley Financial Stock Performance

Shares of NASDAQ:RILY opened at $7.27 on Friday. The company has a market capitalization of $269.94 million, a price-to-earnings ratio of 0.57 and a beta of 1.23. B. Riley Financial has a 12 month low of $3.64 and a 12 month high of $11.24. The firm’s 50-day moving average is $7.81 and its 200 day moving average is $7.90. The company has a current ratio of 1.40, a quick ratio of 3.95 and a debt-to-equity ratio of 7.13.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings data on Thursday, August 6th. The asset manager reported $0.45 earnings per share (EPS) for the quarter. B. Riley Financial had a net margin of 35.88% and a return on equity of 39,260.09%. The business had revenue of $239.36 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in B. Riley Financial by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 194,105 shares of the asset manager’s stock valued at $907,000 after buying an additional 1,886 shares during the period. 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. Bank of America Corp DE lifted its stake in shares of B. Riley Financial by 237.2% during the 3rd quarter. Bank of America Corp DE now owns 6,963 shares of the asset manager’s stock worth $42,000 after purchasing an additional 4,898 shares during the last quarter. Engineers Gate Manager LP boosted its position in B. Riley Financial by 70.0% during the second quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager’s stock valued at $51,000 after purchasing an additional 7,044 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in B. Riley Financial by 144.9% in the second quarter. Russell Investments Group Ltd. now owns 14,504 shares of the asset manager’s stock worth $43,000 after purchasing an additional 8,582 shares in the last quarter. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Company Profile

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.