B. Riley Financial (RILY) Downgraded to Sell at BidaskClub
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.
COPYRIGHT VIOLATION NOTICE: This report was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/b-riley-financial-rily-downgraded-to-sell-at-bidaskclub/1801245.html.
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.
Receive News & Ratings for B. Riley Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B. Riley Financial and related companies with Analyst Ratings Network's FREE daily email newsletter.