Wall Street Zen Upgrades B. Riley Financial (NASDAQ:RILY) to Buy

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

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

B. Riley Financial Stock Performance

Shares of RILY stock opened at $6.80 on Friday. The firm’s 50 day moving average is $7.33 and its 200 day moving average is $6.20. The stock has a market capitalization of $239.02 million, a P/E ratio of 0.69 and a beta of 1.20. B. Riley Financial has a 12 month low of $2.67 and a 12 month high of $10.97.

B. Riley Financial (NASDAQ:RILY) last released its quarterly earnings data on Wednesday, April 1st. The asset manager reported $2.77 earnings per share for the quarter. The business had revenue of $224.67 million during the quarter.

Institutional Trading of B. Riley Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH purchased a new stake in B. Riley Financial in the 3rd quarter worth approximately $1,087,000. Farther Finance Advisors LLC purchased a new position in shares of B. Riley Financial during the 3rd quarter valued at $25,000. 683 Capital Management LLC bought a new position in shares of B. Riley Financial in the fourth quarter worth $374,000. Wells Fargo & Company MN increased its holdings in shares of B. Riley Financial by 1,200,020.0% in the fourth quarter. Wells Fargo & Company MN now owns 60,006 shares of the asset manager’s stock worth $280,000 after purchasing an additional 60,001 shares during the period. Finally, Bridgeway Capital Management LLC purchased a new stake in shares of B. Riley Financial in the fourth quarter worth $187,000. 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.