B. Riley Financial (NASDAQ:RILY) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday.

B. Riley Financial (NASDAQ RILY) opened at $18.85 on Tuesday. The stock has a market cap of $510.82, a PE ratio of 12.48 and a beta of 0.95. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 3.07. B. Riley Financial has a 1-year low of $13.55 and a 1-year high of $20.35.

In other news, CEO Bryant R. Riley bought 8,679 shares of B. Riley Financial stock in a transaction on Monday, November 20th. The shares were bought at an average cost of $17.75 per share, for a total transaction of $154,052.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Bryant R. Riley bought 38,572 shares of B. Riley Financial stock in a transaction on Friday, December 1st. The stock was purchased at an average price of $17.89 per share, for a total transaction of $690,053.08. The disclosure for this purchase can be found here. 30.90% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors lifted its holdings in shares of B. Riley Financial by 43.9% during the 2nd quarter. Nationwide Fund Advisors now owns 7,956 shares of the asset manager’s stock worth $148,000 after acquiring an additional 2,428 shares during the period. LSV Asset Management lifted its holdings in shares of B. Riley Financial by 27.8% during the 4th quarter. LSV Asset Management now owns 14,700 shares of the asset manager’s stock worth $266,000 after acquiring an additional 3,200 shares during the period. Rhumbline Advisers lifted its holdings in shares of B. Riley Financial by 21.2% during the 3rd quarter. Rhumbline Advisers now owns 19,443 shares of the asset manager’s stock worth $332,000 after acquiring an additional 3,400 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of B. Riley Financial by 110.3% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 7,627 shares of the asset manager’s stock worth $130,000 after acquiring an additional 4,000 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of B. Riley Financial by 41.3% during the 2nd quarter. New York State Common Retirement Fund now owns 14,694 shares of the asset manager’s stock worth $273,000 after acquiring an additional 4,293 shares during the period. Institutional investors own 45.87% of the company’s stock.

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B. Riley Financial Company Profile

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.

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