B. Riley Financial (NASDAQ:RILY) Upgraded at StockNews.com

Posted by Teresa Graham on Oct 1st, 2024

StockNews.com upgraded shares of B. Riley Financial (NASDAQ:RILY – Free Report) to a sell rating in a report published on Saturday morning.

B. Riley Financial Stock Down 1.0 %

RILY stock opened at $5.25 on Friday. The stock has a market capitalization of $159.05 million, a P/E ratio of -1.05 and a beta of 1.29. 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 $4.51 and a 1-year high of $43.41. The business has a fifty day moving average price of $9.17 and a 200-day moving average price of $18.41.

Hedge Funds Weigh In On B. Riley Financial

A number of hedge funds have recently made changes to their positions in RILY. Quadrature Capital Ltd purchased a new position in shares of B. Riley Financial in the fourth quarter valued at $1,001,000. Davies Financial Advisors Inc. bought a new stake in shares of B. Riley Financial during the second quarter worth $2,006,000. Harbor Capital Advisors Inc. raised its holdings in shares of B. Riley Financial by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 82,645 shares of the asset manager’s stock valued at $1,458,000 after acquiring an additional 60,512 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of B. Riley Financial in the second quarter valued at about $2,049,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of B. Riley Financial by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 326,428 shares of the asset manager’s stock valued at $6,852,000 after acquiring an additional 49,973 shares in the last quarter. Institutional investors own 50.20% of the company’s stock.

B. Riley Financial Company Profile

(Get Free Report)

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.