B. Riley Financial (NASDAQ:RILY) Rating Lowered to Hold at Wall Street Zen

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

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of B. Riley Financial in a research note on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

B. Riley Financial Price Performance

Shares of NASDAQ:RILY opened at $7.18 on Friday. The company has a market capitalization of $266.59 million, a price-to-earnings ratio of 0.57 and a beta of 1.23. The company has a debt-to-equity ratio of 7.13, a current ratio of 1.40 and a quick ratio of 3.95. The business’s 50-day moving average is $7.86 and its 200-day moving average is $7.91. B. Riley Financial has a 1 year low of $3.64 and a 1 year high of $11.24.

B. Riley Financial (NASDAQ:RILY) last released its earnings results on Thursday, August 6th. The asset manager reported $0.45 EPS for the quarter. The business had revenue of $239.36 million during the quarter. B. Riley Financial had a return on equity of 39,260.09% and a net margin of 35.88%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd boosted its holdings in B. Riley Financial by 4.2% in 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 in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of B. Riley Financial by 144.9% during the second quarter. Russell Investments Group Ltd. now owns 14,504 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 8,582 shares in the last quarter. Jump Financial LLC acquired a new position in shares of B. Riley Financial during the second quarter worth approximately $45,000. Federated Hermes Inc. raised its position in shares of B. Riley Financial by 78.0% during the second quarter. Federated Hermes Inc. now owns 179,960 shares of the asset manager’s stock worth $534,000 after purchasing an additional 78,847 shares during the period. Finally, Engineers Gate Manager LP lifted its holdings in shares of B. Riley Financial by 70.0% in the 2nd quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager’s stock worth $51,000 after purchasing an additional 7,044 shares in the last quarter. 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.