B. Riley Financial (NASDAQ:RILY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of B. Riley Financial (NASDAQ:RILY) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of B. Riley Financial in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, B. Riley Financial has an average rating of “Sell”.

B. Riley Financial Trading Up 7.8%

Shares of RILY stock opened at $7.33 on Friday. B. Riley Financial has a 12 month low of $2.67 and a 12 month high of $10.97. The stock has a market cap of $257.65 million, a PE ratio of 0.75 and a beta of 1.20. The company’s fifty day moving average price is $7.29 and its 200-day moving average price is $6.20.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results on Wednesday, April 1st. The asset manager reported $2.77 EPS for the quarter. The business had revenue of $224.67 million for the quarter.

Hedge Funds Weigh In On B. Riley Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in B. Riley Financial during the 4th quarter valued at about $221,000. CastleKnight Management LP bought a new position in B. Riley Financial during the 4th quarter valued at about $568,000. Boothbay Fund Management LLC bought a new position in B. Riley Financial during the 4th quarter valued at about $60,000. Bridgeway Capital Management LLC bought a new position in B. Riley Financial during the 4th quarter valued at about $187,000. Finally, 683 Capital Management LLC bought a new position in B. Riley Financial during the 4th quarter valued at about $374,000. Institutional investors own 50.20% of the company’s stock.

About B. Riley Financial

B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.

In addition to traditional investment banking, B.