B. Riley Financial (NASDAQ:RILY – Get Free Report) was upgraded by stock analysts at StockNews.com to a “sell” rating in a report released on Wednesday.
B. Riley Financial Stock Down 0.2 %
RILY traded down $0.01 on Wednesday, reaching $4.85. The company’s stock had a trading volume of 219,425 shares, compared to its average volume of 1,858,988. B. Riley Financial has a 1 year low of $4.07 and a 1 year high of $40.09. The business’s 50 day moving average is $5.35 and its 200 day moving average is $9.51. The company has a debt-to-equity ratio of 13.99, a current ratio of 4.88 and a quick ratio of 4.88. The stock has a market cap of $146.93 million, a price-to-earnings ratio of -0.97 and a beta of 1.24.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in B. Riley Financial during the third quarter valued at approximately $100,000. XTX Topco Ltd increased its stake in shares of B. Riley Financial by 72.9% during the third quarter. XTX Topco Ltd now owns 33,755 shares of the asset manager’s stock valued at $177,000 after acquiring an additional 14,232 shares during the period. Point72 DIFC Ltd bought a new stake in B. Riley Financial in the third quarter worth about $70,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of B. Riley Financial during the 3rd quarter valued at $29,000. Finally, BNP Paribas Financial Markets lifted its stake in B. Riley Financial by 136.0% during the third quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock valued at $114,000 after buying an additional 12,557 shares in the last quarter. 50.20% of the stock is currently owned by institutional investors.
B. Riley Financial Company Profile
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.
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