B. Riley Financial (NASDAQ:RILY) Upgraded to “Sell” at StockNews.com

StockNews.com upgraded shares of B. Riley Financial (NASDAQ:RILY) to a sell rating in a report released on Saturday.

B. Riley Financial Price Performance

Shares of RILY stock opened at $5.25 on Friday. B. Riley Financial has a 12 month low of $4.51 and a 12 month high of $43.41. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 13.99. The firm has a market cap of $159.05 million, a PE ratio of -1.05 and a beta of 1.29. The stock has a 50 day moving average of $9.17 and a 200-day moving average of $18.41.

Hedge Funds Weigh In On B. Riley Financial

A number of hedge funds have recently modified their holdings of RILY. Charles Schwab Investment Management Inc. raised its stake in shares of B. Riley Financial by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 326,428 shares of the asset manager’s stock worth $6,852,000 after acquiring an additional 49,973 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in B. Riley Financial in the 4th quarter worth approximately $309,000. Quadrature Capital Ltd acquired a new position in B. Riley Financial during the 4th quarter worth $1,001,000. Virtu Financial LLC bought a new position in B. Riley Financial in the 4th quarter valued at $713,000. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of B. Riley Financial by 97.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 45,050 shares of the asset manager’s stock valued at $946,000 after buying an additional 22,219 shares during the period. 50.20% of the stock is owned by institutional investors and hedge funds.

About B. Riley Financial

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.