B. Riley Financial (NASDAQ:RILY) Downgraded by Wall Street Zen to Sell

B. Riley Financial (NASDAQ:RILY) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings cut B. Riley Financial from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

B. Riley Financial Stock Performance

Shares of RILY stock opened at $3.65 on Friday. B. Riley Financial has a 12-month low of $3.50 and a 12-month high of $11.24. The stock has a 50 day simple moving average of $5.27 and a 200-day simple moving average of $7.19. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 7.13. The company has a market cap of $146.73 million, a price-to-earnings ratio of 0.97 and a beta of 1.20.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results on Thursday, November 5th. The asset manager reported ($6.04) earnings per share for the quarter. The business had revenue of $161.32 million for the quarter. B. Riley Financial had a net margin of 35.88% and a return on equity of 39,260.09%.

Institutional Investors Weigh In On B. Riley Financial

A number of institutional investors have recently added to or reduced their stakes in RILY. Bank of America Corp DE raised its position in B. Riley Financial by 2,715.4% during the first quarter. Bank of America Corp DE now owns 53,830 shares of the asset manager’s stock valued at $394,000 after buying an additional 51,918 shares during the period. Renaissance Technologies LLC bought a new stake in shares of B. Riley Financial during the 1st quarter worth $1,832,000. Finally, State of Wyoming bought a new position in shares of B. Riley Financial in the first quarter worth approximately $359,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Company Profile

B. Riley Financial, Inc is a diversified financial services company that provides investment banking, institutional brokerage, wealth management, asset appraisal, valuation, liquidation and restructuring services. Through its businesses, the company works with public and private companies, institutional investors, private equity firms, financial institutions and individual clients.

The company’s capital markets operations, including B. Riley Securities, offer investment banking, equity research, sales and trading, and related advisory services.