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

Wall Street Zen upgraded shares of B. Riley Financial (NASDAQ:RILY) from a sell rating to a hold rating in a research note published on Saturday morning.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of B. Riley Financial in a research note on Monday, December 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

B. Riley Financial Price Performance

NASDAQ:RILY opened at $5.03 on Friday. The company’s fifty day moving average price is $4.80 and its 200-day moving average price is $4.95. B. Riley Financial has a 1-year low of $2.67 and a 1-year high of $7.90. The firm has a market capitalization of $153.92 million, a P/E ratio of -0.96 and a beta of 1.29.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings results on Thursday, March 16th. The asset manager reported $2.70 EPS for the quarter. The business had revenue of $345.47 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. XTX Topco Ltd lifted its position in shares of B. Riley Financial by 4.2% during the 2nd quarter. XTX Topco Ltd now owns 62,517 shares of the asset manager’s stock valued at $186,000 after buying an additional 2,531 shares in the last quarter. Addison Advisors LLC raised its position in B. Riley Financial by 37.8% during the second quarter. Addison Advisors LLC now owns 11,545 shares of the asset manager’s stock worth $34,000 after acquiring an additional 3,165 shares during the period. Farther Finance Advisors LLC acquired a new position in B. Riley Financial during the third quarter worth $25,000. Bank of America Corp DE lifted its holdings in B. Riley Financial by 237.2% during the third quarter. Bank of America Corp DE now owns 6,963 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 4,898 shares in the last quarter. Finally, Engineers Gate Manager LP grew its position in shares of B. Riley Financial by 70.0% in the second quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager’s stock valued at $51,000 after purchasing an additional 7,044 shares during the period. 50.20% of the stock is owned by institutional investors and hedge funds.

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.