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 issued to investors on Tuesday.

B. Riley Financial Trading Down 10.8 %

Shares of RILY opened at $34.40 on Tuesday. The company has a current ratio of 4.88, a quick ratio of 4.88 and a debt-to-equity ratio of 14.33. The firm’s 50-day moving average is $21.71 and its two-hundred day moving average is $23.53. B. Riley Financial has a twelve month low of $14.46 and a twelve month high of $60.72. The firm has a market capitalization of $1.04 billion, a P/E ratio of -12.33 and a beta of 1.56.

B. Riley Financial (NASDAQ:RILY) last issued its earnings results on Thursday, February 29th. The asset manager reported ($1.86) earnings per share for the quarter. B. Riley Financial had a negative return on equity of 8.40% and a negative net margin of 4.75%. The company had revenue of $346.51 million for the quarter.

B. Riley Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.81%. The ex-dividend date was Friday, March 8th. B. Riley Financial’s dividend payout ratio (DPR) is presently -71.68%.

Hedge Funds Weigh In On B. Riley Financial

Several institutional investors and hedge funds have recently modified their holdings of RILY. FMR LLC lifted its stake in shares of B. Riley Financial by 51,501.0% during the third quarter. FMR LLC now owns 703,837 shares of the asset manager’s stock valued at $28,850,000 after buying an additional 702,473 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of B. Riley Financial by 619,372.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 272,568 shares of the asset manager’s stock valued at $11,173,000 after buying an additional 272,524 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of B. Riley Financial by 818.2% during the fourth quarter. BNP Paribas Financial Markets now owns 181,449 shares of the asset manager’s stock valued at $3,809,000 after buying an additional 161,687 shares during the period. Punch & Associates Investment Management Inc. lifted its stake in shares of B. Riley Financial by 15.5% during the third quarter. Punch & Associates Investment Management Inc. now owns 776,020 shares of the asset manager’s stock valued at $31,809,000 after buying an additional 104,344 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in shares of B. Riley Financial during the third quarter valued at approximately $3,756,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

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, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.