BidaskClub Lowers B. Riley Financial (RILY) to Sell

B. Riley Financial (NASDAQ:RILY) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday, March 14th.

B. Riley Financial stock traded down $0.35 during mid-day trading on Wednesday, reaching $19.20. 67,330 shares of the company’s stock were exchanged, compared to its average volume of 85,176. The firm has a market capitalization of $521.54, a P/E ratio of 13.86 and a beta of 0.82. B. Riley Financial has a one year low of $13.55 and a one year high of $20.35. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 3.79.

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B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings results on Wednesday, March 7th. The asset manager reported $0.37 EPS for the quarter. The business had revenue of $110.18 million for the quarter. B. Riley Financial had a return on equity of 14.37% and a net margin of 3.59%.

B. Riley Financial announced that its board has initiated a share buyback program on Monday, March 19th that permits the company to repurchase $17.30 million in shares. This repurchase authorization permits the asset manager to purchase shares of its stock through a private placement purchase. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other news, Chairman Bryant R. Riley bought 221,181 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was acquired at an average cost of $18.25 per share, with a total value of $4,036,553.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Bryant R. Riley bought 7,200 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was purchased at an average cost of $18.65 per share, with a total value of $134,280.00. The disclosure for this purchase can be found here. Company insiders own 30.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Nokomis Capital L.L.C. increased its position in B. Riley Financial by 6.9% in the fourth quarter. Nokomis Capital L.L.C. now owns 1,352,084 shares of the asset manager’s stock worth $24,473,000 after buying an additional 87,094 shares during the last quarter. BlackRock Inc. increased its position in B. Riley Financial by 1.0% in the fourth quarter. BlackRock Inc. now owns 1,181,045 shares of the asset manager’s stock worth $21,377,000 after buying an additional 11,584 shares during the last quarter. NWQ Investment Management Company LLC increased its position in B. Riley Financial by 42.4% in the fourth quarter. NWQ Investment Management Company LLC now owns 1,010,923 shares of the asset manager’s stock worth $18,298,000 after buying an additional 301,059 shares during the last quarter. Vanguard Group Inc. increased its position in B. Riley Financial by 63.5% in the second quarter. Vanguard Group Inc. now owns 721,906 shares of the asset manager’s stock worth $13,391,000 after buying an additional 280,346 shares during the last quarter. Finally, Royce & Associates LP increased its position in B. Riley Financial by 88.7% in the fourth quarter. Royce & Associates LP now owns 527,495 shares of the asset manager’s stock worth $9,548,000 after buying an additional 247,955 shares during the last quarter. 47.05% of the stock is owned by institutional investors and hedge funds.

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B. Riley Financial Company Profile

B. Riley Financial, Inc provides financial services and solutions in North America, Australia, and Europe. The company operates in four segments: Capital Markets, Auction and Liquidation, Valuation and Appraisal, and Principal Investments – United Online. It offers investment banking services, including merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements; and corporate finance, research, securities lending, wealth management, and sales and trading services to corporate, institutional, and high net worth clients.

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