B. Riley Financial (NASDAQ:RILY) Lifted to Sell at StockNews.com

StockNews.com upgraded shares of B. Riley Financial (NASDAQ:RILY) to a sell rating in a research note published on Wednesday.

B. Riley Financial Trading Down 25.5 %

B. Riley Financial stock traded down $1.78 during mid-day trading on Wednesday, hitting $5.19. 7,549,065 shares of the stock were exchanged, compared to its average volume of 1,395,340. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99. B. Riley Financial has a 12 month low of $4.51 and a 12 month high of $52.74. The firm’s fifty day simple moving average is $17.84 and its two-hundred day simple moving average is $21.58. The stock has a market capitalization of $157.23 million, a price-to-earnings ratio of -1.09 and a beta of 1.32.

B. Riley Financial (NASDAQ:RILY) last released its quarterly earnings results on Wednesday, May 15th. The asset manager reported ($1.71) earnings per share (EPS) for the quarter. B. Riley Financial had a negative return on equity of 25.84% and a negative net margin of 9.28%. The firm had revenue of $343.03 million for the quarter.

Institutional Trading of B. Riley Financial

Large investors have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new stake in shares of B. Riley Financial during the 4th quarter worth approximately $1,001,000. BNP Paribas Financial Markets grew its position in shares of B. Riley Financial by 818.2% during the 4th quarter. BNP Paribas Financial Markets now owns 181,449 shares of the asset manager’s stock worth $3,809,000 after buying an additional 161,687 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of B. Riley Financial by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 82,645 shares of the asset manager’s stock worth $1,458,000 after buying an additional 60,512 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of B. Riley Financial by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 326,428 shares of the asset manager’s stock worth $6,852,000 after buying an additional 49,973 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of B. Riley Financial during the 4th quarter worth approximately $119,000. Institutional investors and hedge funds own 50.20% of the company’s stock.

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.