B. Riley Financial RILY Stock Rating Downgraded by StockNews.com

Investment analysts at StockNews.com have revised their rating on shares of B. Riley Financial RILY, transitioning from a 'hold' to a 'sell' recommendation in a research note published on November 12th, 2023.

B. Riley Financial Experiences Downtick

On the heels of the downgrade, B. Riley Financial's stock commenced trading at $25.60. The firm's stock has previously hit a low of $24.95 and peak of $60.72 over a span of one year. It bears noting that the company carries a debt-to-equity ratio of 11.09, a current ratio and a quick ratio both positioned at 4.06. Currently oscillating around a 50-day moving average of $40.45 and a 200-day moving average of $42.85, B. Riley Financial possesses a market capitalization of $782.59 million, trades at a price-to-earnings ratio of -10.04, and exhibits a beta of 1.92.

In their last financial disclosure on August 9th, B. Riley Financial reported quarterly earnings of $1.55 per share, marking a negative return on equity of 7.27% and a net margin deficit of 4.16%. The reporting period's revenue was recorded at $406.28 million.

Executive and Institutional Sentiments

Bryant R. Riley, the CEO of B. Riley Financial, in a notable insider trade, acquired 25,000 shares of the company valued at $47.31 per share, leading to an aggregate transaction of $1,182,750.00. Subsequent to this purchase, the CEO holds 6,748,773 shares of the company, with an estimated worth of approximately $319,284,450.63. This activity was catalogued in a legal filing with the SEC. Notably, insiders hold a significant 33.90% of the company's shares.

Institutional investors have also adjusted their shareholdings in B. Riley Financial. The Public Employees Retirement System of Ohio, for instance, expanded its stake by 51.8% during the third quarter, now owning 686 shares valued at $31,000. FMR LLC grew its investment by 137.8% in the preceding quarter, holding 861 shares worth $36,000. US Bancorp DE augmented its stake by 289.8%, Worth Asset Management LLC initiated a new stake, and Benjamin F. Edwards & Company Inc. increased its stock by 642.9% during the first quarter. Overall, 41.47% of B. Riley Financial is owned by institutional investors and hedge funds.

Corporate Profile of B. Riley Financial

B. Riley Financial, Inc., operating through various segments including Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer, delivers comprehensive financial services to corporate, institutional, and high net worth clients across North America, Australia, and Europe.

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