B. Riley Financial (RILY) Raised to “Buy” at BidaskClub

B. Riley Financial (NASDAQ:RILY) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Shares of B. Riley Financial (RILY) opened at $19.30 on Tuesday. The stock has a market cap of $509.50, a price-to-earnings ratio of 12.78 and a beta of 0.95. B. Riley Financial has a 52 week low of $13.55 and a 52 week high of $20.35. The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.99 and a current ratio of 2.99.

In other news, CEO Bryant R. Riley bought 8,679 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average price of $17.75 per share, for a total transaction of $154,052.25. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Bryant R. Riley bought 38,572 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of $17.89 per share, for a total transaction of $690,053.08. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 54,576 shares of company stock valued at $969,729. 30.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in RILY. NWQ Investment Management Company LLC raised its holdings in B. Riley Financial by 70.4% in the 3rd quarter. NWQ Investment Management Company LLC now owns 709,864 shares of the asset manager’s stock worth $12,103,000 after acquiring an additional 293,398 shares during the period. Vanguard Group Inc. boosted its holdings in B. Riley Financial by 63.5% during the second quarter. Vanguard Group Inc. now owns 721,906 shares of the asset manager’s stock worth $13,391,000 after purchasing an additional 280,346 shares during the last quarter. Royce & Associates LP boosted its holdings in B. Riley Financial by 1,083.2% during the third quarter. Royce & Associates LP now owns 279,540 shares of the asset manager’s stock worth $4,766,000 after purchasing an additional 255,914 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in B. Riley Financial during the third quarter worth $3,496,000. Finally, Russell Investments Group Ltd. acquired a new position in B. Riley Financial during the third quarter worth $3,342,000. Hedge funds and other institutional investors own 45.87% of the company’s stock.

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B. Riley Financial Company Profile

B. Riley Financial, Inc is an independent investment bank. The Company’s segments include capital markets, auction and liquidation, valuation and appraisal, and Principal Investments-United Online. The capital markets segment provides an array of investment banking, corporate finance, research, wealth management, sales and trading services to corporate, institutional and high net worth clients.

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