B. Riley Financial (RILY) Lifted to “Hold” at BidaskClub

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

B. Riley Financial (NASDAQ RILY) opened at $18.60 on Tuesday. The stock has a market cap of $487.00, a P/E ratio of 12.28 and a beta of 0.95. The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.99 and a current ratio of 2.99. B. Riley Financial has a 1-year low of $13.55 and a 1-year high of $20.35.

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

In other news, Chairman Bryant R. Riley acquired 38,572 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bryant R. Riley acquired 8,679 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average price of $17.75 per share, with a total value of $154,052.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 54,576 shares of company stock valued at $969,729. Corporate insiders own 30.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors lifted its stake in B. Riley Financial by 43.9% in the second quarter. Nationwide Fund Advisors now owns 7,956 shares of the asset manager’s stock valued at $148,000 after buying an additional 2,428 shares in the last quarter. LSV Asset Management lifted its stake in B. Riley Financial by 27.8% in the fourth quarter. LSV Asset Management now owns 14,700 shares of the asset manager’s stock valued at $266,000 after buying an additional 3,200 shares in the last quarter. Rhumbline Advisers lifted its stake in B. Riley Financial by 21.2% in the third quarter. Rhumbline Advisers now owns 19,443 shares of the asset manager’s stock valued at $332,000 after buying an additional 3,400 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its stake in B. Riley Financial by 110.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 7,627 shares of the asset manager’s stock valued at $130,000 after buying an additional 4,000 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in B. Riley Financial by 41.3% in the second quarter. New York State Common Retirement Fund now owns 14,694 shares of the asset manager’s stock valued at $273,000 after buying an additional 4,293 shares in the last quarter. 45.60% of the stock is currently owned by hedge funds and other institutional investors.

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About B. Riley Financial

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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