B. Riley Financial (NASDAQ:RILY) Stock Rating Upgraded by StockNews.com

B. Riley Financial (NASDAQ:RILY) was upgraded by equities researchers at StockNews.com to a “sell” rating in a report issued on Monday.

B. Riley Financial Stock Down 8.4 %

RILY stock opened at $4.16 on Monday. The stock has a market capitalization of $126.88 million, a price-to-earnings ratio of -0.20 and a beta of 1.30. The stock’s fifty day simple moving average is $4.54 and its 200-day simple moving average is $5.16. B. Riley Financial has a 52-week low of $2.73 and a 52-week high of $40.09.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings results on Friday, February 21st. The asset manager reported ($4.97) EPS for the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%. The business had revenue of $199.31 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RILY. Sanctuary Advisors LLC acquired a new stake in B. Riley Financial during the third quarter worth about $100,000. FMR LLC lifted its position in B. Riley Financial by 1,085.3% during the third quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock valued at $53,000 after buying an additional 9,225 shares in the last quarter. JPMorgan Chase & Co. grew its stake in B. Riley Financial by 37.6% during the third quarter. JPMorgan Chase & Co. now owns 21,658 shares of the asset manager’s stock worth $114,000 after buying an additional 5,920 shares during the period. BNP Paribas Financial Markets increased its position in shares of B. Riley Financial by 136.0% in the third quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock worth $114,000 after acquiring an additional 12,557 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of B. Riley Financial in the 3rd quarter valued at $29,000. 50.20% of the stock is owned by hedge funds and other 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.