B. Riley Financial (NASDAQ:RILY) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of B. Riley Financial (NASDAQ:RILY) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

B. Riley Financial Trading Down 3.5%

Shares of NASDAQ:RILY opened at $9.01 on Friday. B. Riley Financial has a 12-month low of $2.79 and a 12-month high of $10.97. The stock has a market cap of $334.54 million, a PE ratio of 0.54 and a beta of 1.17. The business has a 50 day moving average of $7.63 and a 200-day moving average of $6.60. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 10.30.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings data on Thursday, May 7th. The asset manager reported $6.57 earnings per share (EPS) for the quarter. B. Riley Financial had a negative return on equity of 330.83% and a net margin of 46.81%.The company had revenue of $217.19 million during the quarter.

Institutional Investors Weigh In On B. Riley Financial

Institutional investors have recently made changes to their positions in the company. Allianz Asset Management GmbH bought a new stake in shares of B. Riley Financial during the third quarter worth approximately $1,087,000. Bridgeway Capital Management LLC bought a new stake in shares of B. Riley Financial during the fourth quarter worth approximately $187,000. XTX Topco Ltd boosted its holdings in shares of B. Riley Financial by 4.2% during the second quarter. XTX Topco Ltd now owns 62,517 shares of the asset manager’s stock worth $186,000 after acquiring an additional 2,531 shares during the period. Brooklyn Investment Group boosted its holdings in shares of B. Riley Financial by 237.4% during the third quarter. Brooklyn Investment Group now owns 30,792 shares of the asset manager’s stock worth $184,000 after acquiring an additional 21,665 shares during the period. Finally, Bank of Montreal Can raised its position in shares of B. Riley Financial by 76.3% in the fourth quarter. Bank of Montreal Can now owns 33,502 shares of the asset manager’s stock valued at $156,000 after buying an additional 14,500 shares in the last quarter. 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.