Davies Financial Advisors Inc. Has $709,000 Stock Holdings in B. Riley Financial, Inc. (NASDAQ:RILY)

Davies Financial Advisors Inc. lowered its position in shares of B. Riley Financial, Inc. (NASDAQ:RILY - Free Report) by 30.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,495 shares of the asset manager's stock after selling 67,465 shares during the quarter. Davies Financial Advisors Inc. owned 0.51% of B. Riley Financial worth $709,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RILY. Sanctuary Advisors LLC purchased a new position in B. Riley Financial during the third quarter valued at approximately $100,000. FMR LLC grew its holdings in shares of B. Riley Financial by 1,085.3% during the 3rd quarter. FMR LLC now owns 10,075 shares of the asset manager's stock valued at $53,000 after acquiring an additional 9,225 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of B. Riley Financial by 136.0% in the third quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager's stock worth $114,000 after acquiring an additional 12,557 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in shares of B. Riley Financial during the second quarter worth $190,000. Finally, B. Riley Wealth Advisors Inc. increased its position in B. Riley Financial by 239.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 77,552 shares of the asset manager's stock worth $1,368,000 after purchasing an additional 54,721 shares during the last quarter. Hedge funds and other institutional investors own 50.20% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded B. Riley Financial to a "sell" rating in a report on Tuesday, January 14th.

B. Riley Financial Price Performance

Shares of RILY stock traded down $0.26 on Tuesday, hitting $4.74. The company's stock had a trading volume of 1,029,737 shares, compared to its average volume of 1,127,820. B. Riley Financial, Inc. has a fifty-two week low of $3.94 and a fifty-two week high of $40.09. The firm's fifty day moving average price is $4.97 and its 200-day moving average price is $7.49. The stock has a market capitalization of $144.57 million, a price-to-earnings ratio of -0.23 and a beta of 1.30.

B. Riley Financial (NASDAQ:RILY - Get Free Report) last issued its quarterly earnings data on Monday, January 13th. The asset manager reported ($14.35) earnings per share for the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%.

About B. Riley Financial

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.