B. Riley Financial (RILY) Upgraded by BidaskClub to Hold

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

Shares of B. Riley Financial (NASDAQ:RILY) opened at $19.25 on Tuesday. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $492.30, a PE ratio of 12.32 and a beta of 0.95. B. Riley Financial has a 12-month low of $13.55 and a 12-month high of $20.35.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings data on Wednesday, November 8th. The asset manager reported $0.31 EPS for the quarter. B. Riley Financial had a return on equity of 17.98% and a net margin of 9.87%.

In other news, CEO Bryant R. Riley acquired 7,325 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average cost of $17.15 per share, for a total transaction of $125,623.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Bryant R. Riley acquired 38,572 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of $17.89 per share, with a total value of $690,053.08. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 54,576 shares of company stock valued at $969,729. Corporate insiders own 30.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in RILY. SG Americas Securities LLC acquired a new stake in B. Riley Financial in the third quarter worth about $116,000. Cornerstone Capital Management Holdings LLC. boosted its holdings in B. Riley Financial by 110.3% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 7,627 shares of the asset manager’s stock worth $130,000 after buying an additional 4,000 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in B. Riley Financial by 43.9% during the second quarter. Nationwide Fund Advisors now owns 7,956 shares of the asset manager’s stock worth $148,000 after buying an additional 2,428 shares during the last quarter. First Trust Advisors LP bought a new position in B. Riley Financial during the third quarter worth about $210,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in B. Riley Financial by 592.0% during the second quarter. The Manufacturers Life Insurance Company now owns 11,397 shares of the asset manager’s stock worth $211,000 after buying an additional 9,750 shares during the last quarter. Hedge funds and other institutional investors own 45.60% 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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