B. Riley FBR
Upgrade grade
B
Downgrade grade
A
B. Riley FBR, formed through the 2018 merger of B. Riley & Co. and Friedman, Billings, Ramsey (FBR), has established itself as a significant mid-market investment bank with deep roots tracing back to FBR's founding in 1989 during the savings and loan crisis. The firm operates at a substantial scale with approximately 2,157 analyst ratings calls on US equities in our database, positioning it as an active and prolific research contributor to the market. B. Riley FBR has earned particular recognition for their expertise covering specialty finance, real estate, financial services, and technology sectors, with a reputation for detailed fundamental research on mid-cap and smaller-cap companies that larger banks often overlook. What distinguishes the firm's research culture is its reputation for contrarian thinking and willingness to take independent stances on controversial or undervalued securities, often providing valuable coverage gaps in the small to mid-cap space where institutional research coverage remains sparse.
Upgrades
226
73.45% win rate
· avg +4.43% D1
Downgrades
236
78.81% win rate
· avg -3.84% D1
Avg Gap — Upgrades
+4.11%
open vs prev close
Avg Gap — Downgrades
-3.55%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Technology | 75.93% (54) | +4.57% | 81.82% (55) | -4.69% |
| Consumer Cyclical | 76.60% (47) | +6.20% | 75.41% (61) | -4.61% |
| Communication Services | 82.86% (35) | +3.95% | 93.33% (30) | -5.59% |
| Real Estate | 61.11% (18) | +2.03% | 68.42% (19) | -2.91% |
| Financial Services | 65.00% (20) | +1.90% | 64.29% (14) | +0.66% |
| Basic Materials | 76.92% (13) | +2.40% | 69.23% (13) | +1.10% |
| Industrials | 66.67% (12) | +5.81% | 83.33% (12) | -5.38% |
| Energy | 70.00% (10) | +4.02% | 83.33% (12) | -5.61% |
| Consumer Defensive | — | — | 90.00% (10) | -2.83% |
| Healthcare | — | — | 70.00% (10) | -0.73% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2020 | 59.3% | 59 | 61.4% | 70 |
| 2019 | 90.0% | 20 | 90.0% | 20 |
| 2018 | 69.0% | 42 | 84.8% | 33 |
| 2017 | 93.8% | 16 | 88.2% | 17 |
| 2016 | 77.3% | 22 | 83.3% | 24 |
| 2015 | 82.4% | 17 | 89.3% | 28 |
| 2014 | 81.0% | 21 | 88.2% | 17 |
| 2013 | 81.0% | 21 | 86.7% | 15 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| May 5, 2021 | INTZ | Intrusion Inc. | Technology | Downgrade | Buy → Neutral | — | -29.4% | -28.8% |
| May 5, 2021 | VSEC | VSE Corporation | Industrials | Maintains | Buy → Buy | — | +1.9% | -2.4% |
| May 4, 2021 | SEDG | SolarEdge Technologies, Inc. | Energy | Maintains | Buy → Buy | — | -7.3% | -16.0% |
| May 3, 2021 | CRI | Carter's, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | +0.8% | +2.5% |
| Apr 30, 2021 | HCC | Warrior Met Coal, Inc. | Energy | Downgrade | Buy → Neutral | — | -4.1% | -5.5% |
| Apr 30, 2021 | OSIS | OSI Systems, Inc. | Technology | Maintains | Buy → Buy | — | +0.4% | -0.3% |
| Apr 30, 2021 | BC | Brunswick Corporation | Consumer Cyclical | Maintains | Buy → Buy | — | +0.2% | +1.4% |
| Apr 30, 2021 | ONTO | Onto Innovation Inc. | Technology | Maintains | Buy → Buy | — | +2.2% | +4.5% |
| Apr 29, 2021 | CCS | Century Communities, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | +7.3% | +13.1% |
| Apr 28, 2021 | CNTY | Century Casinos, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | +5.7% | +14.2% |
| Apr 22, 2021 | ROG | Rogers Corporation | Technology | Maintains | Buy → Buy | — | +1.3% | -0.4% |
| Apr 21, 2021 | INMB | INmune Bio, Inc. | Healthcare | Maintains | Buy → Buy | — | +4.3% | +18.2% |
| Apr 20, 2021 | CRI | Carter's, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | +0.1% | -0.9% |
| Apr 16, 2021 | WKHS | Workhorse Group Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | +3.1% | +13.6% |
| Apr 16, 2021 | FCEL | FuelCell Energy, Inc. | Industrials | Maintains | Neutral → Neutral | — | -1.3% | +2.1% |
| Apr 13, 2021 | GTBP | GT Biopharma, Inc. | Healthcare | Maintains | Buy → Buy | — | -0.8% | -8.0% |
| Apr 13, 2021 | INVE | Identiv, Inc. | Technology | Maintains | Buy → Buy | — | +4.5% | +13.9% |
| Apr 9, 2021 | PFBC | Preferred Bank | Financial Services | Maintains | Buy → Buy | — | +1.6% | +0.8% |
| Apr 9, 2021 | SIMO | Silicon Motion Technology Corporation | Technology | Maintains | Buy → Buy | — | +1.2% | +0.3% |
| Apr 5, 2021 | AMC | AMC Entertainment Holdings, Inc. | Communication Services | Upgrade | Neutral → Buy | — | +7.9% | +13.4% |
| Apr 5, 2021 | ONTO | Onto Innovation Inc. | Technology | Maintains | Buy → Buy | — | +0.1% | +2.4% |
| Apr 5, 2021 | AMAT | Applied Materials, Inc. | Technology | Maintains | Buy → Buy | — | +2.8% | +1.1% |
| Mar 31, 2021 | FARM | Farmer Bros. Co. | Consumer Defensive | Upgrade | Neutral → Buy | — | +6.0% | +19.0% |
| Mar 31, 2021 | LAC | Lithium Americas Corp. | Basic Materials | Maintains | Buy → Buy | — | +5.6% | +12.1% |
| Mar 25, 2021 | CRIS | Curis, Inc. | Healthcare | Maintains | Buy → Buy | — | -0.1% | +14.6% |