B. Riley Financial (NASDAQ:RILY) Upgraded by StockNews.com to “Sell”

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

B. Riley Financial Stock Performance

NASDAQ RILY opened at $31.10 on Tuesday. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 14.33. The firm has a market cap of $937.35 million, a price-to-earnings ratio of -11.15 and a beta of 1.34. B. Riley Financial has a twelve month low of $14.46 and a twelve month high of $60.72. The business has a 50-day moving average price of $22.71 and a 200-day moving average price of $23.59.

B. Riley Financial (NASDAQ:RILY) last posted its earnings results on Thursday, February 29th. The asset manager reported ($1.86) EPS for the quarter. The firm had revenue of $346.51 million during the quarter. B. Riley Financial had a negative return on equity of 8.40% and a negative net margin of 4.75%.

B. Riley Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given a $0.50 dividend. The ex-dividend date was Friday, March 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.43%. B. Riley Financial’s dividend payout ratio is currently -71.68%.

Institutional Investors Weigh In On B. Riley Financial

Hedge funds have recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. purchased a new stake in shares of B. Riley Financial in the fourth quarter worth about $29,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in B. Riley Financial by 65.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,279 shares of the asset manager’s stock valued at $134,000 after purchasing an additional 1,295 shares during the period. Nisa Investment Advisors LLC raised its position in B. Riley Financial by 275.4% during the third quarter. Nisa Investment Advisors LLC now owns 3,953 shares of the asset manager’s stock valued at $162,000 after purchasing an additional 2,900 shares during the period. Tower Research Capital LLC TRC raised its position in B. Riley Financial by 150.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,255 shares of the asset manager’s stock valued at $110,000 after purchasing an additional 3,160 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in B. Riley Financial during the fourth quarter valued at approximately $119,000. 50.20% of the stock is currently owned by hedge funds and other institutional investors.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.