B. Riley Financial (NASDAQ:RILY) Shares Cross Above 50 Day Moving Average – What’s Next?

B. Riley Financial, Inc. (NASDAQ:RILY) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.57 and traded as high as $7.85. B. Riley Financial shares last traded at $6.92, with a volume of 1,419,558 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen upgraded B. Riley Financial from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings restated a “sell (e+)” rating on shares of B. Riley Financial in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

B. Riley Financial Stock Down 0.9%

The stock has a market cap of $214.17 million, a price-to-earnings ratio of 0.97 and a beta of 1.27. The business’s 50 day simple moving average is $7.61 and its 200 day simple moving average is $6.06.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings data on Wednesday, January 14th. The asset manager reported $2.91 EPS for the quarter. The firm had revenue of $75.70 million during the quarter.

Institutional Trading of B. Riley Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new stake in shares of B. Riley Financial in the third quarter valued at approximately $25,000. Bank of America Corp DE increased its holdings in shares of B. Riley Financial by 237.2% during the 3rd quarter. Bank of America Corp DE now owns 6,963 shares of the asset manager’s stock worth $42,000 after acquiring an additional 4,898 shares during the last quarter. Russell Investments Group Ltd. raised its stake in B. Riley Financial by 144.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,504 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 8,582 shares during the period. Jump Financial LLC acquired a new stake in B. Riley Financial during the 2nd quarter valued at $45,000. Finally, Magnus Financial Group LLC acquired a new stake in B. Riley Financial during the 4th quarter valued at $47,000. Institutional investors own 50.20% of the company’s stock.

B. Riley Financial Company Profile

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.