B. Riley Financial (NASDAQ:RILY) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
B. Riley Financial (NASDAQ RILY) traded up $0.45 during mid-day trading on Wednesday, reaching $19.15. The company’s stock had a trading volume of 52,266 shares, compared to its average volume of 52,268. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 3.07. B. Riley Financial has a 52 week low of $13.55 and a 52 week high of $20.35. The stock has a market cap of $506.15, a P/E ratio of 29.45 and a beta of 0.95.
Several institutional investors and hedge funds have recently modified their holdings of RILY. SG Americas Securities LLC acquired a new position in shares of B. Riley Financial in the 3rd quarter worth approximately $116,000. Cornerstone Capital Management Holdings LLC. grew its position in shares of B. Riley Financial by 110.3% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 7,627 shares of the asset manager’s stock worth $130,000 after acquiring an additional 4,000 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of B. Riley Financial by 43.9% in the 2nd quarter. Nationwide Fund Advisors now owns 7,956 shares of the asset manager’s stock worth $148,000 after acquiring an additional 2,428 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of B. Riley Financial in the 4th quarter worth approximately $192,000. Finally, First Trust Advisors LP acquired a new position in shares of B. Riley Financial in the 3rd quarter worth approximately $210,000. Institutional investors own 47.28% of the company’s stock.
B. Riley Financial, Inc is an independent investment bank. The Company’s segments include capital markets, auction and liquidation, valuation and appraisal, and Principal Investments-United Online. The capital markets segment provides an array of investment banking, corporate finance, research, wealth management, sales and trading services to corporate, institutional and high net worth clients.
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