B. Riley Financial (NASDAQ:RILY) Raised to Sell at StockNews.com

Posted by Donna Armstrong on Jan 16th, 2025

B. Riley Financial (NASDAQ:RILY – Get Free Report) was upgraded by research analysts at StockNews.com to a “sell” rating in a report released on Tuesday.

B. Riley Financial Stock Performance

B. Riley Financial stock opened at $4.70 on Tuesday. The company has a market cap of $142.39 million, a PE ratio of -0.94 and a beta of 1.30. The company has a current ratio of 4.88, a quick ratio of 4.88 and a debt-to-equity ratio of 13.99. B. Riley Financial has a 1 year low of $3.94 and a 1 year high of $40.09. The company’s 50-day moving average is $4.99 and its two-hundred day moving average is $7.88.

B. Riley Financial (NASDAQ:RILY – Get Free Report) last announced its quarterly earnings data on Monday, January 13th. The asset manager reported ($14.35) earnings per share (EPS) for the quarter. B. Riley Financial had a negative net margin of 9.28% and a negative return on equity of 25.84%.

Hedge Funds Weigh In On B. Riley Financial

Several hedge funds have recently added to or reduced their stakes in RILY. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of B. Riley Financial during the 3rd quarter worth about $29,000. Ariadne Wealth Management LP acquired a new position in B. Riley Financial during the second quarter valued at approximately $103,000. FMR LLC increased its stake in B. Riley Financial by 1,085.3% in the third quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock valued at $53,000 after purchasing an additional 9,225 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in B. Riley Financial in the second quarter worth $190,000. Finally, Point72 DIFC Ltd bought a new position in shares of B. Riley Financial during the third quarter worth $70,000. Institutional investors and hedge funds own 50.20% of the company’s stock.

About B. Riley Financial

(Get Free Report)

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.