B. Riley Financial (NASDAQ:RILY) Downgraded to Hold Rating by Wall Street Zen

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

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

B. Riley Financial Trading Down 1.1%

Shares of B. Riley Financial stock opened at $7.18 on Friday. The firm’s 50 day moving average is $7.86 and its 200 day moving average is $7.91. The firm has a market capitalization of $266.59 million, a PE ratio of 0.57 and a beta of 1.23. B. Riley Financial has a 1 year low of $3.64 and a 1 year high of $11.24. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 10.30.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings data on Thursday, August 6th. The asset manager reported $0.45 EPS for the quarter. B. Riley Financial had a net margin of 35.88% and a negative return on equity of 629.79%. The business had revenue of $239.36 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in B. Riley Financial by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 194,105 shares of the asset manager’s stock worth $907,000 after buying an additional 1,886 shares during the period. XTX Topco Ltd increased its position in 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 increased its position in B. Riley Financial by 237.2% in the 3rd quarter. Bank of America Corp DE now owns 6,963 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 4,898 shares during the period. Engineers Gate Manager LP raised its stake in shares of 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 acquiring an additional 7,044 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of B. Riley Financial by 144.9% during the second quarter. Russell Investments Group Ltd. now owns 14,504 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 8,582 shares during the last quarter. Institutional investors and hedge funds own 50.20% of the company’s stock.

About B. Riley Financial

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.