B. Riley Financial (NASDAQ:RILY) Stock Rating Lowered by Wall Street Zen

B. Riley Financial (NASDAQ:RILY) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of B. Riley Financial in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

B. Riley Financial Price Performance

NASDAQ:RILY opened at $7.09 on Friday. The company has a market cap of $221.35 million, a P/E ratio of 1.01 and a beta of 1.27. The firm’s fifty day moving average price is $7.70 and its two-hundred day moving average price is $6.13. B. Riley Financial has a one year low of $2.67 and a one year high of $10.97.

B. Riley Financial (NASDAQ:RILY) last posted its earnings results on Wednesday, January 14th. The asset manager reported $2.91 earnings per share (EPS) for the quarter. The company had revenue of $75.70 million for the quarter.

Hedge Funds Weigh In On B. Riley Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. Soviero Asset Management LP acquired a new position in B. Riley Financial in the 3rd quarter valued at $2,211,000. Charles Schwab Investment Management Inc. grew its holdings in shares of B. Riley Financial by 25.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,123,179 shares of the asset manager’s stock worth $5,245,000 after purchasing an additional 224,858 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of B. Riley Financial during the 3rd quarter worth $1,087,000. Federated Hermes Inc. increased its position in shares of B. Riley Financial by 82.2% in the fourth quarter. Federated Hermes Inc. now owns 329,222 shares of the asset manager’s stock worth $1,537,000 after purchasing an additional 148,554 shares during the period. Finally, Jump Financial LLC bought a new position in shares of B. Riley Financial in the fourth quarter worth $694,000. Institutional investors own 50.20% of the company’s stock.

About B. Riley Financial

B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.

In addition to traditional investment banking, B.