StockNews.com upgraded shares of B. Riley Financial (NASDAQ:RILY - Free Report) to a sell rating in a report released on Monday.
B. Riley Financial Trading Up 4.2 %
RILY stock traded up $0.26 during mid-day trading on Monday, hitting $6.39. The stock had a trading volume of 7,199,789 shares, compared to its average volume of 2,588,532. The firm has a fifty day simple moving average of $4.57 and a 200 day simple moving average of $5.17. The firm has a market capitalization of $194.88 million, a P/E ratio of -0.31 and a beta of 1.30. B. Riley Financial has a 52 week low of $2.73 and a 52 week high of $40.09.
B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The asset manager reported ($4.97) earnings per share (EPS) for the quarter. B. Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%. The firm had revenue of $199.31 million for the quarter.
Hedge Funds Weigh In On B. Riley Financial
A number of institutional investors have recently modified their holdings of RILY. Federated Hermes Inc. grew its position in B. Riley Financial by 144.1% in the fourth quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager's stock valued at $248,000 after acquiring an additional 31,835 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of B. Riley Financial by 666,766.7% in the 4th quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager's stock valued at $92,000 after purchasing an additional 20,003 shares in the last quarter. Sanctuary Advisors LLC bought a new position in B. Riley Financial in the 3rd quarter valued at approximately $100,000. Straight Path Wealth Management boosted its holdings in shares of B. Riley Financial by 30.0% during the 3rd quarter. Straight Path Wealth Management now owns 84,500 shares of the asset manager's stock valued at $444,000 after acquiring an additional 19,500 shares in the last quarter. Finally, XTX Topco Ltd grew its position in B. Riley Financial by 72.9% during the 3rd quarter. XTX Topco Ltd now owns 33,755 shares of the asset manager's stock worth $177,000 after acquiring an additional 14,232 shares during the last quarter. Institutional investors and hedge funds 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.
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