B. Riley Financial (NASDAQ:RILY) Upgraded at StockNews.com

B. Riley Financial (NASDAQ:RILY) was upgraded by analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Monday.

B. Riley Financial Price Performance

RILY stock traded down $0.12 during midday trading on Monday, hitting $4.60. The company’s stock had a trading volume of 921,683 shares, compared to its average volume of 1,979,184. B. Riley Financial has a 12 month low of $4.07 and a 12 month high of $40.09. 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 capitalization of $139.36 million, a price-to-earnings ratio of -0.92 and a beta of 1.26. The company has a 50 day moving average of $5.40 and a two-hundred day moving average of $13.88.

Institutional Trading of B. Riley Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Davies Financial Advisors Inc. bought a new stake in B. Riley Financial during the second quarter valued at about $2,006,000. Harbor Capital Advisors Inc. boosted its stake in shares of B. Riley Financial by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 82,645 shares of the asset manager’s stock worth $1,458,000 after acquiring an additional 60,512 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of B. Riley Financial in the second quarter worth approximately $2,049,000. Vanguard Group Inc. boosted its stake in shares of B. Riley Financial by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,253,591 shares of the asset manager’s stock worth $26,539,000 after acquiring an additional 6,622 shares during the last quarter. Finally, Ensign Peak Advisors Inc acquired a new position in B. Riley Financial during the second quarter worth $190,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Company Profile

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.