B. Riley Financial (NASDAQ:RILY) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

B. Riley Financial (NASDAQ:RILY) traded down $0.15 during trading on Wednesday, hitting $17.90. The stock had a trading volume of 35,800 shares, compared to its average volume of 45,667. B. Riley Financial has a fifty-two week low of $13.55 and a fifty-two week high of $21.30. The company has a debt-to-equity ratio of 3.07, a current ratio of 2.99 and a quick ratio of 2.99. The stock has a market cap of $480.39, a P/E ratio of 11.85 and a beta of 0.99.

In other news, Chairman Bryant R. Riley bought 38,572 shares of B. Riley Financial stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $17.89 per share, with a total value of $690,053.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Bryant R. Riley bought 7,325 shares of B. Riley Financial stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $17.15 per share, with a total value of $125,623.75. The disclosure for this purchase can be found here. Insiders bought a total of 54,576 shares of company stock valued at $969,729 over the last three months. Company insiders own 30.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of RILY. SG Americas Securities LLC purchased a new stake in shares of B. Riley Financial in the 3rd quarter valued at about $116,000. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of B. Riley Financial by 110.3% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 7,627 shares of the asset manager’s stock valued at $130,000 after purchasing an additional 4,000 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of B. Riley Financial by 43.9% in the 2nd quarter. Nationwide Fund Advisors now owns 7,956 shares of the asset manager’s stock valued at $148,000 after purchasing an additional 2,428 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of B. Riley Financial in the 3rd quarter valued at about $210,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of B. Riley Financial by 592.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,397 shares of the asset manager’s stock valued at $211,000 after purchasing an additional 9,750 shares during the last quarter. 45.81% of the stock is owned by institutional investors and hedge funds.

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About B. Riley Financial

B. Riley Financial, Inc is an independent investment bank. The Company’s segments include capital markets, auction and liquidation, valuation and appraisal, and Principal Investments-United Online. The capital markets segment provides an array of investment banking, corporate finance, research, wealth management, sales and trading services to corporate, institutional and high net worth clients.

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