B. Riley Financial (NASDAQ:RILY) Downgraded to “Sell” at BidaskClub

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B. Riley Financial (NASDAQ:RILY) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday, BidAskClub reports.

Shares of RILY stock traded down $0.29 on Friday, reaching $18.87. 23,000 shares of the company’s stock traded hands, compared to its average volume of 66,967. B. Riley Financial has a 12-month low of $13.60 and a 12-month high of $23.40. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 5.47. The company has a market capitalization of $509.08 million, a P/E ratio of 13.54 and a beta of 0.89. The company has a 50 day moving average of $20.19.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.54 earnings per share for the quarter. B. Riley Financial had a return on equity of 14.44% and a net margin of 4.05%. The business had revenue of $142.13 million for the quarter.

In other B. Riley Financial news, major shareholder B. Riley Financial, Inc. sold 10,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $7.32, for a total value of $73,200.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Bryant R. Riley bought 40,229 shares of the stock in a transaction on Thursday, May 9th. The stock was purchased at an average price of $19.24 per share, for a total transaction of $774,005.96. The disclosure for this purchase can be found here. Insiders sold 30,018 shares of company stock worth $343,675 in the last 90 days. Corporate insiders own 24.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its stake in B. Riley Financial by 512.5% in the first quarter. BNP Paribas Arbitrage SA now owns 4,324 shares of the asset manager’s stock valued at $72,000 after purchasing an additional 3,618 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of B. Riley Financial by 417.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,195 shares of the asset manager’s stock worth $102,000 after acquiring an additional 5,804 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of B. Riley Financial during the 4th quarter worth about $200,000. Hollow Brook Wealth Management LLC bought a new stake in shares of B. Riley Financial during the 1st quarter worth about $380,000. Finally, Rhumbline Advisers boosted its stake in shares of B. Riley Financial by 44.0% during the 4th quarter. Rhumbline Advisers now owns 28,581 shares of the asset manager’s stock worth $406,000 after acquiring an additional 8,730 shares in the last quarter. Hedge funds and other institutional investors own 46.20% of the company’s stock.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides collaborative 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 and magicJack.

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