StockNews.com upgraded shares of B. Riley Financial (NASDAQ:RILY - Free Report) to a sell rating in a research report released on Tuesday morning.
B. Riley Financial Stock Up 16.5 %
B. Riley Financial stock traded up $0.65 during trading on Tuesday, reaching $4.60. The stock had a trading volume of 2,450,019 shares, compared to its average volume of 1,016,725. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99. B. Riley Financial has a 52-week low of $3.94 and a 52-week high of $40.09. The stock has a market cap of $139.36 million, a PE ratio of -0.92 and a beta of 1.30. The business has a 50 day moving average price of $5.02 and a 200 day moving average price of $8.00.
Hedge Funds Weigh In On B. Riley Financial
Several hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of B. Riley Financial in the 3rd quarter valued at $29,000. FMR LLC increased its position in shares of B. Riley Financial by 1,085.3% during the third quarter. FMR LLC now owns 10,075 shares of the asset manager's stock worth $53,000 after purchasing an additional 9,225 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of B. Riley Financial in the 3rd quarter valued at about $70,000. Sanctuary Advisors LLC purchased a new stake in B. Riley Financial in the third quarter valued at approximately $100,000. Finally, Ariadne Wealth Management LP acquired a new stake in B. Riley Financial during the 2nd quarter worth $103,000. 50.20% of the stock is currently owned by hedge funds and other institutional investors.
About B. Riley Financial
(
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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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