B. Riley Financial (NASDAQ:RILY) Downgraded to Hold at BidaskClub

BidaskClub lowered shares of B. Riley Financial (NASDAQ:RILY) from a buy rating to a hold rating in a report published on Wednesday morning, BidAskClub reports.

Separately, ValuEngine cut B. Riley Financial from a buy rating to a hold rating in a report on Wednesday, October 2nd.

B. Riley Financial stock traded down $0.30 during trading hours on Wednesday, hitting $27.68. The stock had a trading volume of 293 shares, compared to its average volume of 58,303. The company has a 50-day moving average of $27.72 and a two-hundred day moving average of $22.82. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 5.28. The company has a market cap of $752.64 million, a PE ratio of 10.24 and a beta of 0.89. B. Riley Financial has a fifty-two week low of $13.60 and a fifty-two week high of $30.17.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings results on Wednesday, October 30th. The asset manager reported $1.29 EPS for the quarter. The firm had revenue of $180.06 million during the quarter. B. Riley Financial had a return on equity of 27.38% and a net margin of 9.45%.

The business also recently announced a dividend, which was paid on Tuesday, November 26th. Stockholders of record on Thursday, November 14th were issued a $0.475 dividend. The ex-dividend date of this dividend was Wednesday, November 13th.

In related news, Director B. Riley Financial, Inc. bought 25,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of $2.70 per share, with a total value of $68,850.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 24.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of RILY. Heartland Advisors Inc. acquired a new position in shares of B. Riley Financial in the 2nd quarter worth approximately $3,367,000. Russell Investments Group Ltd. raised its holdings in shares of B. Riley Financial by 37.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 436,792 shares of the asset manager’s stock worth $9,107,000 after buying an additional 118,401 shares in the last quarter. BlackRock Inc. raised its holdings in shares of B. Riley Financial by 3.0% in the 2nd quarter. BlackRock Inc. now owns 1,264,168 shares of the asset manager’s stock worth $26,371,000 after buying an additional 37,412 shares in the last quarter. Zebra Capital Management LLC acquired a new position in shares of B. Riley Financial in the 2nd quarter worth approximately $202,000. Finally, California Public Employees Retirement System raised its holdings in shares of B. Riley Financial by 18.9% in the 3rd quarter. California Public Employees Retirement System now owns 37,814 shares of the asset manager’s stock worth $893,000 after buying an additional 6,020 shares in the last quarter. 50.70% of the stock is owned by institutional investors and hedge funds.

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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